South Indian Bank Q4 | Stock ends higher after asset quality improves; slippages decline
Published on 15/05/2025 06:40 PM
South Indian Bank Q4 | Stock ends higher after asset quality improves; 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, 6:40:50 PM IST (Updated)2 Min ReadShares of South Indian Bank jumped after the lender reported its fourth quarter earnings on Thursday, May 15. However, the stock reversed sharply from the lows of the day to end higher.
The lender 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 saw choppy moves after the results were announced, declining to the day's low after an immediate 1% rise. The stock 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