SOUTH INDIAN BANK LTD. - 532218 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Intimation under Regulation 30 and 47 of the SEBI (LODR) Regulations, 201520-10-2023
20-10-2023
Q2FY24 Quarterly Result Announced for South Indian Bank Ltd.
South Indian Bank announced Q2FY24 results: 1. Financial Performance: - South Indian Bank declared a net profit of Rs 275 crore for Q2FY24, marking a growth of 23.2% compared to the previous year. - Net interest income increased by 14.3% on a YoY basis, reaching Rs 830 crore. - Gross advances grew by 10.3% on a YoY basis, amounting to Rs 74,947 crore. - NPA ratios improved, with the gross NPA percentage decreasing from 5.67% to 4.96% and the net NPA percentage dropping from 2.51% to 1.70% on a YoY basis. 2. Deposits: - Retail deposits increased by Rs 6,337 crore, reaching Rs 93,448 crore, showing a growth of 7.3% on a YoY basis. - NRI deposits grew by Rs 1,285 crore, reaching Rs 28,785 crore, showing a growth of 4.7% on a YoY basis. - CASA (Current Account and Savings Account) saw a 1.8% growth on a YoY basis. 3. Loan Portfolio: - Personal loan book witnessed a growth of 48.1% on a YoY basis, increasing from Rs 1,423 crore to Rs 2,107 crore. - Gold loan portfolio grew by 16.2% on a YoY basis, reaching Rs 14,998 crore. - The bank issued over 3,32,000 credit cards with an outstanding book of Rs 1,164 crore as of September 2023. 4. Recovery and Upgradation of NPA Accounts: - Recovery and upgradation in NPA accounts increased from Rs 374 crore in Q2FY23 to Rs 475 crore in Q2FY24. P R Seshadri, MD & CEO of the Bank, stated, "The strategy adopted by the bank continues to enable the business performance. During the period, Bank registered growth in all the desired segments with a focus on quality asset across all verticals Corporate, SME, Auto Loan, Credit Card, Personal Loan, Gold Loan etc." He also stated that, "in line with the strategic intent of the Bank viz, “Profitability through quality credit growth”, the Bank could on board fresh advances with low risk profile of around 64% of its advances portfolio since October 2020 amounting to Rs 48,246 crore with a GNPA of only 0.18%.." Result PDF19-10-2023
SOUTH INDIAN BANK LTD. - 532218 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Press release on unaudited financial result (standalone and consolidated) for the quarter / half year ended 30.09.202319-10-2023
SOUTH INDIAN BANK LTD. - 532218 - Announcement under Regulation 30 (LODR)-Investor Presentation
Presentation to Investors and Analysts Q2 FY 2023-2419-10-2023
SOUTH INDIAN BANK LTD. - 532218 - Submission Of Disclosure On Related Party Transactions Pursuant To Regulation 23(9) Of SEBI (LODR) Regulations, 2015
Submission of disclosure on Related Party Transactions pursuant to Regulation 23(9) of SEBI (LODR) Regulations, 201519-10-2023
SOUTH INDIAN BANK LTD. - 532218 - Board Meeting Outcome for Q2 Financial Results
Q2 financial results19-10-2023
SOUTH INDIAN BANK LTD. - 532218 - Submission Of Unaudited Financial Results (Standalone And Consolidated) For The Quarter / Half Year Ended 30Th Sep 2023
submission of unaudited financial results (standalone and consolidated) for the quarter / half year ended 30th Sep 202319-10-2023
SOUTH INDIAN BANK LTD. - 532218 - Announcement under Regulation 30 (LODR)-Credit Rating
Announcement under Regulation 30 & 51 of SEBI(LODR) Regulations, 2015- Credit ratings18-10-2023
SOUTH INDIAN BANK LTD. - 532218 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Intimation under Regulation 39(3) of the SEBI(LODR) Regulations, 201518-10-2023
SOUTH INDIAN BANK LTD. - 532218 - Announcement under Regulation 30 (LODR)-Interest Rates Updates
Change in MCLR rates of the Bank18-10-2023