'South Indian Bank conducted a conference call on 22 January 2025 to discuss
the financial results for the quarter ended December 2024. PR Sheshadri, MD
& CEO of the company addressed the call:
Highlights:
The bank has recorded the highest ever net profit in
Q3FY2025, while recording 12% growth to Rs 342 crore for Q3FY2025.
The bank has recorded 6% growth in deposits to Rs 105387
crore end December 2024, despite the bank having recorded reduction in bulk
deposit by Rs 1000 crore in Q3FY25.
The advances of the bank have increased by 12% to Rs 86966
crore end December 2024.
The overall business of the bank has increased by 9% to Rs
192363 crore end December 2024.
The net interest margin of the bank was steady on a yoy
basis at 3.19%, while there is a sequential decline in the margin due to
increase in cost of funds.
The bank has improved ROA to 1.12% and RoE to 13.93% in
Q3FY2025.
The...
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