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South Indian Bank asset quality improves in Q4 and slippages declineSouth Indian Bank in its fourth quarter business update reported gross advances of 88,447 crore, which was nearly 10% more than the 80,426 crore in the year-ago period.By Shloka Badkar   May 15, 2025, 8:27:25 PM IST (Updated)2 Min ReadSouth Indian Bank reported a net profit of ₹342.2 crore in the March quarter. This was up 19% from ₹287.6 crore it reported in the fourth quarter of the last financial year.

South Indian Bank's net interest income (NII) declined 0.7% to ₹868.3 crore in the March quarter from ₹874.4 crore in the year-ago period.

Its gross non-performing assets (NPA) was at 3.2% in the fourth quarter. The same was 4.3% in the third quarter of the financial year 2025.

South Indian Bank's net NPA for the fourth quarter was at 0.92% in comparison to 1.25% in the previous quarter.

Slippages for the quarter saw a significant reduction to ₹206 crore, compared to ₹291 crore during the December quarter.

South Indian Bank in its fourth quarter business update reported gross advances of 88,447 crore, which was nearly 10% more than the 80,426 crore in the year-ago period.

Its retail deposit increased 7.44% to 1.05 lakh crore from 1.01 lakh crore in the fourth quarter of FY24.

Its current account savings account (CASA) deposits increased 3.17% to 33,730 crore in the fourth quarter from 32,693 crore in the year-ago period.

The lender's CASA ratio was at 31.37% in the March quarter from 32.08% in the year-ago period.

Shares of South Indian Bank ended 3.9% higher on Thursday at ₹27.8.

Also Read: ITC Hotels Q4 Results: Profit, margins rise; to build new property in Andhra PradeshContinue ReadingFirst Published: May 15, 2025 2:40 PM ISTCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!Tagsearningsshare market todaySouth Indian Bank