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.

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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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