South Indian Bank gains on higher advances, deposit in Q3

City Union Bank

02/01/2025 09:48

** Shares of South Indian Bank  SIBK.NS  up 3%, set for
their best day in nearly a month
    ** Lender reports an about 12% year-on-year rise in Q3 gross
advances, total deposit rises 6.3%
    ** Stock sees busiest day since Dec. 6, trading vols at 2
times their 30-day average
    ** SIBK gained 2% in 2024, compared with 28.5% and 16% rise
in peers Karur Vysya Bank  KARU.NS  and City Union Bank
 CTBK.NS , respectively 

 (Reporitng by Nishit Navin)
 ((nishit.navin@thomsonreuters.com;))