South Indian Bank expects FY27 credit growth to beat guidance, sees asset quality staying strong
Executive Brief • Key Highlights
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- ✓South Indian Bank expects FY27 credit growth of 16-17%, beating its prior guidance.
- ✓Managing Director Mahesh Muralidhar Pai said, "We have already exceeded that on the credit side." The lender sees stable asset quality and improved profitability ahead.
- ✓It also mobilised $239 million in FCNR deposits to support this healthy demand.
Story at a Glance
- Category
- MARKET
- Reported By
- cnbctv18
- Reading Speed
- 7 Minute(s)
- Market Focus
- India Economy
South Indian Bank expects FY27 credit growth of 16-17%, beating its prior guidance, driven by healthy loan demand. The lender anticipates improved profitability and stable asset quality while ruling out any strategic capital raise at this stage.
South Indian Bank expects to end the financial year 2026-27 with credit growth of 16-17%, higher than its earlier guidance of 15-16%, as loan demand remains healthy across segments.
The lender also expects gradual improvement in profitability and net interest margins while maintaining stable asset quality, according to Managing Director & Chief Executive Officer Mahesh Muralidhar Pai.
Pai said the bank has already exceeded its original growth guidance on the credit side and expects the momentum to continue through the remainder of the financial year. The bank has also mobilised $239 million in FCNR deposits, which have been deployed towards lending.
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