New Delhi, Oct. 17 -- South Indian Bank is targeting credit growth of 15-16 per cent in FY27, driven by retail, agriculture and MSME (RAM) advances, which are expected to grow at a faster pace of 17-18 per cent, its Managing Director and CEO Mahesh Muralidhar Pai said.

The RAM segment accounts for around 61 per cent of the bank's loan book. The lender plans to focus on retail lending and gold loans during the festive season.

The bank's gross advances rose 18.67 per cent year-on-year to Rs 1,09,517 crore in the July-September quarter, compared with Rs 92,286 crore in the corresponding period last year, reported PTI.

Middle East Conflict Poses Risks

Pai said the bank's growth projections remain cautious amid the ongoing conflict in the ...