South Indian Bank Ltd News

South Indian, AU SFB, Federal, DCB Bank rally up to 13%; here's why

South Indian Bank, Federal Bank, AU SFB and RBL Bank hit their respective 52-week highs on the BSE in intra-day trade on Monday on the back of strong earnings and RBL Bank deal.

South Indian Bank Q2 net profit rises 8% to ₹351 cr, interest margin dips

South Indian Bank on Thursday reported an 8 per cent rise in its September quarter net profit at Rs 351 crore, driven by non-core income and a reduction in provisions. The private sector lender had reported a net profit of Rs 325 crore in the year-ago period. Its core net interest income declined by 8 per cent to Rs 808 crore despite a 10 per cent loan growth, because of a sharp compression in net interest margin (NIM). NIMs came down to 2.80 per cent, from 3.24 per cent in the year-ago period, and the bank's chief executive and managing director P R Seshadri said it aspires to widen the number to 3 per cent, but did not give a timeline by which it will reach there. The bank's non-interest income rose 26 per cent to Rs 516 crore during the quarter, which helped in the overall profit of the bank. Provisions and contingencies dropped by 43 per cent on-year to Rs 63 crore during the reporting period, aiding the profit growth. The gross non-performing assets ratio came down to 2.93 p

Yes Bank, HCC among 5 stocks under ₹50 worth your portfolio this Diwali

Yes Bank, The South Indian Bank, Hindustan Construction, Bajaj Hindusthan Sugar and Take Solutions, which currently trade below ₹50-mark, can potentially zoom up to 42%, suggest technical charts.

South Indian Bank Q1FY26 results: Net profit rises 10% to ₹322 crore

South Indian Bank on Thursday reported a 10 per cent rise in profit to Rs 322 crore during the first quarter. The Kerala-based bank had a net profit of Rs 294 crore in the same quarter of previous fiscal year. The total income rose to Rs 2,984 crore during the June quarter of 2025-26, from Rs 2,736 crore in the same of FY25, South Indian Bank said in a regulatory filing. Interest earned by the bank grew to Rs 2,362 crore as compared to Rs 2,314 crore in June quarter FY25. During the period, operating profit of the bank rose to Rs 672 crore as compared to Rs 508 crore in the same quarter a year ago. The bank's asset quality showed improvement as gross non-performing assets (NPAs) declined to 3.15 per cent of gross advances at the end of the June quarter from 4.50 per cent a year ago. Similarly, net NPAs, or bad loans, declined to 0.68 per cent as against 1.44 per cent in the year-ago period. Capital adequacy ratio of the bank rose to 19.48 per cent from 18.11 per cent in the same

Select private sector banks in focus; IDFC First, RBL, AU SFB rally upto 6%

Analysts on private banks: Overall, asset quality outlook is stable to positive, except for the unsecured retail loans and MFI segment; but it appears that stress in unsecured segment has peaked out.