‘Our bad assets coming down sequentially, we've lowest fresh slippages’

SOUTH Indian Bank has been growing considerably with the asset quality woes well-contained for the past many quarters under chief executive PR Seshadri who's been at the helm of the bank since October 2023.

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In an interaction with Benn Kochuveedan, Seshadri tells during the nine months to December, the Thrissur-based lender has seen net income crossing the 71,000 crore mark for the first time, and Q3 net income clipping at 9% to 2374 crore on the back of the lowest NPA ratios in decades and robust credit growth, underpinning the strong business performance in recent years. Edited excerpts:Yours is among the very few private sector lenders which could grow the low-cost CASA book in Q3. How could you manage that given record low interest rates that has led to flight of deposits out of banks to other better yielding asset classes... Are they driven by NRI deposits?