South Indian Bank’s Q4 total deposits dip
Current account and savings account (CASA) deposits were up by 18 percent to Rs 24,590 crore as of March 2021.
Mumbai: South Indian Bank’s total deposits dipped marginally to Rs 82,710 crore in the January to March quarter from Rs 83,034 crore in the year-ago period. However, retail deposits grew by 15 percent at Rs 76,294 crore as against Rs 66,457 crore in Q4 FY20.
But bulk deposits cracked by 55 per cent year-on-year to Rs 4,853 crore in Q4 FY21. Current account and savings account (CASA) deposits were up by 18 per cent to Rs 24,590 crore as of March 2021.
The gross advances fell 8 per cent to Rs 60,385 crore of which corporate advances degrew by 21 per cent to Rs 14,800 crore in Q4 FY21. The other advances also came down by 3 percent to Rs 45,585 crore. The liquidity coverage ratio stood at 294.94 percent as of March 31, 2021, down from 297.49 percent a year ago. South Indian Bank said the data by the end of March 2021 is provisional and is subject to audit by statutory auditors of the bank.
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