South Indian Bank Scripts Another Record Quarter with Rs 374 Crore Net Profit

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South Indian Bank Scripts Another Record Quarter with Rs 374 Crore Net Profit

This represents a 9 per cent year-on-year growth compared to the Rs 341.87 crore recorded in the same period last year.

South Indian Bank has achieved a significant milestone by reporting its highest-ever quarterly net profit of Rs 374.32 crore for Q3FY 2025-26. This represents a 9 per cent year-on-year growth compared to the Rs 341.87 crore recorded in the same period last year. The bank's profitability is further underscored by a 10 per cent rise in Pre-Provisioning Operating Profit and a robust 19 per cent increase in non-interest income. For the nine months ending December 2025, total net profit surpassed the thousand-crore mark, reaching Rs 1,047.64 crore.

The bank's asset quality showed remarkable improvement, with the Gross Non-Performing Asset (NPA) ratio dropping by 163 basis points to 2.67 per cent. Net NPA also saw a sharp decline to 0.45 per cent, down from 1.25 per cent the previous year. To ensure long-term stability, the bank strengthened its Provision Coverage Ratio (including write-offs) to a substantial 91.57 per cent. Additionally, the slippage ratio was nearly halved, falling from 0.33 per cent to 0.16 per cent, reflecting disciplined credit management and a high-quality loan book.

Growth was well-supported by both deposits and advances, with retail deposits increasing by 13 per cent to reach Rs 1,15,563 crore. The bank's CASA (Current Account Savings Account) grew by 15 per cent, driven by a 20 per cent surge in current account balances. On the lending side, gross advances rose by 11 per cent to Rs 96,764 crore. This expansion was led by a 26 per cent growth in the gold loan portfolio and a 24 per cent increase in vehicle loans, showcasing the bank's successful focus on high-yield and secure retail segments.

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About South Indian Bank

South Indian Bank is a leading Kerala-based Private Sector Bank with a nationwide presence. The Bank’s shares are listed on The Stock Exchange Mumbai (BSE) and The National Stock Exchange of India Ltd., Mumbai (NSE). South Indian Bank has 948 branches, 2 Ultra Small Branches, 3 Satellite branches, 1143 ATMs and 126 CRMs across India, and a Representative Office in Dubai, UAE. South Indian Bank is a pioneer in technology-based banking, offering an array of digital products and services. It has one of the youngest workforces in the banking sector in the country.

Disclaimer: The article is for informational purposes only and not investment advice.