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South Indian Bank Expects FY27 Credit Growth to Beat Guidance
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CNBC TV18•16-10-2026, 13:43
South Indian Bank Expects FY27 Credit Growth to Beat Guidance
- •South Indian Bank expects FY27 credit growth to reach 16-17%, surpassing its previous guidance of 15-16% due to healthy loan demand.
- •Managing Director and CEO Mahesh Muralidhar Pai stated that asset quality remains strong with one of the lowest net NPA ratios in the industry.
- •The lender successfully mobilized $239 million in FCNR deposits, which have been deployed directly toward lending activities.
- •Gold loan portfolio achieved 41% year-on-year growth primarily driven by customer additions rather than gold price increases.
- •The bank is currently not evaluating any strategic capital raise or the induction of strategic investors.
Key Questions Answered
South Indian Bank expects to close the financial year 2026-27 (FY27) with credit growth ranging between 16% and 17%, which is higher than its initial projection of 15% to 16% due to healthy loan demand across sectors and strong customer additions.
The lender successfully mobilized $239 million in Foreign Currency Non-Resident (FCNR) deposits, which have been fully deployed toward credit operations.
No, Managing Director and Chief Executive Officer Mahesh Muralidhar Pai clarified that South Indian Bank is not evaluating any strategic capital raise or looking to bring in a strategic investor at this stage.
