Private sector lender Karur Vysya Bank announced a 14% year-on-year growth in its loan book by the end of the third quarter, while South Indian Bank reported an almost 12% rise in its loans. Karur Vysya’s total advances reached Rs 828.42 billion as of December 31, 2024, reflecting a 13.96% annual increase. Deposits grew by 15.75% to Rs 991.55 billion, surpassing the loan growth. The increase in deposits was largely driven by a rise in fixed deposits, while low-cost current and savings account (CASA) deposits grew only 4.28%. As a result, the CASA ratio fell to 28.4% from 31.5% a year ago. South Indian Bank’s advances rose 11.94% to Rs 869.65 billion, while its deposits grew at a slower pace of 6.28% to Rs 1.05 trillion. The bank’s CASA ratio decreased slightly to 31.16% from 31.8% over the past year. (ET)