Banking Trio Jumps 2% on Q3 Updates: Indian Bank Exceeds Guidance

• South Indian Bank, Indian Bank, and Punjab and Sind Bank shares gained over 2% after Q3 business updates.
• Indian Bank reported strong Q3, with gross advances up 14.5% and deposits up 12.5%, both exceeding guidance.
• South Indian Bank's advances grew 11.3% YoY, deposits 12.2% YoY (above guidance), and CASA 14.65% YoY.
• Punjab and Sind Bank saw total business up 11.84% and gross advances up 15.25% YoY, in line with guidance.

Why It Matters: Three banking stocks surged over 2% following their Q3 business updates, with Indian Bank outperforming guidance.