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South Indian Bank conducted a conference call on 17 October 2024 to discuss the financial results for the quarter ended September 2024. PR Sheshadri, MD & CEO of the company addressed the call:
Highlights:
The bank has recorded 9% growth in deposits and 13% rise in advances leading to 10% growth in business volumes to Rs 19165 crore end September 2024.
The net interest margin stood at 3.24%, while RoA has improved to 1.07% with RoE of 13.71% in Q2FY2025.
The capital adequacy ratio stood at 18.04% end September 2024.
The Casa deposits increased 8% end September 2024.
PCR has improved to 80.72%, while the GNPA ratio has reduced to 4.40% and NNPA ratio has declined to 1.31% end September 2024.
The gold loan book of the bank has increased 11% to Rs 16609 crore with LTV ratio of 71.93% and the ticket size of Rs 1.75 lakh.
The bank has recorded strong 206% growth in the home loan disbursement and 79% ...
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