South Indian Bank Q4 Review - Core Performance Muted: ICICI Securities

A woman carries a new Indian two thousand rupee banknote at a bank in Dadri, Uttar Pradesh. (Photographer Anindito Mukherjee/Bloomberg)

South Indian Bank Q4 Review - Core Performance Muted: ICICI Securities

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

South Indian Bank Ltd.’s FY21 performance has to be seen in the context of new management redefining business strategies (hired seven business vertical heads from leading private sector banks) and, on most metrics, delivering results too.

Strengthening the liability franchise with an increasingly granular deposit base (current accounts and savings account at 30% and 55% decline in bulk deposits) and continuous reduction in the lumpy corporate book (its share fell to 25% in FY21 from 30% in FY20) speaks for the management’s successful execution of ‘retailisation strategy’ despite Covid-19 led challenges.

Click on the attachment to read the full report:

ICICI Securities South Indian Bank Q4FY21 Results Update.pdf


This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.