South Indian Bank

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 61 per cent of the book, are targeted to grow at a higher level of 17-18 per cent by the bank. "Our festive-season growth strategy is focused on the RAM segment, particularly retail lending and gold loans. I expect South Indian Bank's overall advances to grow by around 15-16 per cent, with the RAM segment growing slightly faster, at around 17-18 per cent," said Mahesh Muralidhar Pai, managing director and chief executive officer of South Indian Bank, in an interaction with PTI. In the latest July-September quarter, the bank's gross advances increased by 18.67 per cent year-on-year to Rs 1,09,517 crore, up from Rs 92,286 crore in the year-ago period. Pai said the projection is "cautious" because the ongoing conflict in the Middle East is a key risk. "If the war conti

South Indian Bank's net profit rose 21.3% to ₹426 crore in Q2FY27 as net interest income grew 38% to a record ₹1,116 crore, while gross NPAs declined to 1.24%

South Indian Bank on Thursday reported a 21 per cent rise in net profit to Rs 426 crore for the second quarter ended September 30. The Kerala-based private sector bank registered a net profit of Rs 351 crore in the September quarter of the previous fiscal year. Its total income increased to Rs 3,264 crore in the second quarter from Rs 2,923 crore in the same period of the previous fiscal year, South Indian Bank said in a regulatory filing. Interest income also climbed to Rs 2,796 crore in the September quarter of FY27 from Rs 2,407 crore in the year-ago period. On the asset quality front, gross non-performing assets (NPAs) moderated to 1.24 per cent of gross advances at the end of September 2026 against 2.93 per cent a year ago. Similarly, net NPAs or bad loans improved to 0.09 per cent at the end of September 2026 from 0.56 per cent at the end of the same month a year earlier. However, its provisions and contingencies rose to Rs 159 crore from Rs 63 crore in the second quarter o

Indian Bank reported a near 15% YoY growth in net profit, while Uco Bank and South Indian Bank posted 26.8% and 21.3% profit growth in Q2FY27.

Differences between boards and management over priorities and strategy are prompting some private bank CEOs to opt out, raising concerns over leadership continuity

South Indian Bank targets ₹3.25 trillion in total business within three years, with a focus on digital banking, retail assets, stronger efficiency and expansion into western India

Tamilnad Mercantile Bank, ESAF Small Finance Bank, Equitas Small Finance Bank and CSB Bank were up in the range of 2% to 5% on the BSE in an otherwise tepid market on Tuesday.

Seshadri said as the bank is not offering leverage, their proposition is attractive to smaller depositors and customers in geographies where leveraged products do not enjoy tax advantage

Private sector lender's June quarter earnings were supported by higher net interest income, lower provisions and an improvement in asset quality despite a decline in other income

Net interest income increased 23.1% to ₹1,024.72 crore, while provisions fell 64.7% and the gross NPA ratio improved to 1.38% year-on-year

Yet another public sector banker takes charge of a pvt bank; Stock plunges 8.5%

South Indian Bank on Wednesday said the RBI has approved the appointment of Mahesh Muralidhar Pai as Managing Director and CEO of the lender for 3 years, effective October 1. In a regulatory filing, the Kerala-based private sector lender said the appointment of Pai as MD and CEO will be placed before the Board in the meeting on July 16, and shareholders' approval will be obtained thereafter. "The Reserve Bank of India vide its letter dated July 7, 2026, has conveyed their approval for the appointment of Mahesh Muralidhar Pai as Managing Director and CEO of the Bank for a period of three years with effect from October 1, 2026," South Indian Bank said. Shares of South Indian Bank tanked 9.86 per cent to the day's low of Rs 43.02 on BSE. The scrip later recovered some ground and was quoting 7.58 per cent down at Rs 44.11 in post-noon trade.

The bank further said that the proposal for Pai's appointment as Managing Director & CEO will be placed before the board at its meeting scheduled for July 16, 2026

South Indian Bank, Tamilnad Mercantile Bank and Dhanlaxmi Bank reported stronger growth in advances than deposits during the April-June quarter of FY27

Kunal Kamble of Bonanza has recommended three stocks to buy today - Suryoday Small Finance Bank, South Indian Bank and Apollo Hospitals.

Technical picks: Jatin Gedia of Teji Mandi Investment Technologies suggests buying ACC, GMR Airports, South Indian Bank; here's why

South Indian Bank MD & CEO PR Seshadri says low Stage-2 assets will help contain additional provisioning under ECL norms while the bank targets stronger margins and steady credit growth

South Indian Bank reported a 19.3 per cent rise in fourth-quarter net profit, helped by a sharp fall in provisions and steady growth in loans and deposits

South Indian Bank appoints former RBI Executive Director Jose Kattoor as non-executive part-time chairman, alongside senior management elevations effective April 2026

Stock plunges after lender says managing director and chief executive officer P R Seshadri will step down in September and not seek reappointment