South Indian Bank shares in focus as lender's Q3 gross advances jump 12% YoY

Shares of South Indian Bank are expected to remain in focus after reporting an 11.94% increase in gross advances for Q3FY24, reaching Rs 86,965 crore. Total deposits grew by 6.28% YoY, while Q2 profit increased by 18%, driven by a 6.3% rise in Net Interest Income.