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Indian Bank upgraded its FY27 credit growth target to 13–14% and deposit growth target to 11–12%. The management projects a 5–7 bps NIM expansion in
South Indian Bank expects credit growth to exceed its earlier guidance this fiscal while maintaining one of the lowest net NPA levels in the sector. The lender also expects NIMs and return ratios to improve as its business mix changes. What is driving the bank's confidence for the rest of FY27?
MUMBAI, Oct 16: Private sector lender South Indian Bank is aiming for a 15-16 per cent credit growth in FY27, driven by the retail, agriculture and MSME (RAM) advances, a top official said on Friday. The RAM advances, which constitute...