Karur Vysya Bank reports 14 per cent loan growth; South Indian Bank follows with 12 per cent

Kolkata: Private sector Karur Vysya Bank said its loan book expanded about 14 per cent year-on-year at the end of the third quarter while South Indian Bank announced a near-12 per cent loan growth.Karur Vysya’s total advances climbed to Rs 82,842 crore at the end of December 31, 2024, registering a 13.96 per cent annual rise, according to the provision numbers submitted to the stock exchanges. Its deposits climbed 15.75 per cent to Rs 99,155 crore, outpacing the credit growth.

The bank’s growth in deposit was primarily on account of higher mobilisation of fixed deposits while the low-cost current and savings account (CASA) deposits grew merely 4.28 per cent. The CASA ratio dipped to 28.4 per cent from 31.5 per cent a year back.

South Indian Bank saw its advances growing 11.94 per cent year-on-year to Rs 86965 crore at the end of the reporting period while its deposits grew slower at 6.28 per cent to Rs 1.05 lakh crore. The bank’s CASA ratio to total deposits fell to 31.16 per cent from 31.8 per cent a year back.