Today news
About the same in other media
South Indian Bank's advances rise 11.4%, Karur Vysya Bank reports 16% growth
Reading now: 894
economictimes.indiatimes.comSouth Indian Bank on Monday said that its gross advances grew 11.4% year-on-year to Rs 80337 crore while Karur Vysya Bank reported a 16% annual growth to Rs 74460 crore.
The average banking sector credit growth was 16.5% year-on-year as per the latest Reserve Bank of India data available till March 8, 2024.
South Indian Bank's deposits rose 11.2% year-on-year to Rs 1.02 lakh crore. Karur Vysya's deposits mobilisation rose 16.3% to Rs 89113 crore, according to the provision data submitted by the banks to the stock exchanges.
The current and savings account (CASA) ratio for South India Bank' was at 33% against 30.4% for Karur Vysya. CASA is low cost deposits and therefore higher ratios boost banks' net interest margin.
(You can now subscribe to our Economic Times WhatsApp channel)
Read more on economictimes.indiatimes.com
About this in other media
Q4 Results Preview | Telecom cos to report moderate growth on ARPU upgrades; Bharti Airtel, Jio to lead the pack livemint.com /1 month ago
Indian stock market: 8 key things that changed for market overnight - Gift Nifty, US jobless claims to oil price rally livemint.com /1 month ago
HDFC Bank share price gains 3% as Q4 gross advances rise 55% YoY to ₹24.69 lakh crore; deposits grow 26% livemint.com /1 month ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
