South Indian Bank expects loan growth above 12% by shifting focus from corporate lending to retail, MSME and agriculture, while margins face short-term pressure amid rate cuts
South Indian Bank's consolidated net profit came in at ₹374.48 crore, as compared to ₹342 crore a year ago, up 9.4 per cent.
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Private sector lender South India Bank on Thursday reported a 9.3 per cent rise in net profit to Rs 374 crore for the third quarter ended December 2025. The Kerala-based lender had earned a net profit of Rs 342 crore in the same quarter a year ago. Its total income increased to Rs 3,003 crore during the quarter under review from Rs 2,780 crore in the year-ago period, South Indian Bank said in a regulatory filing. Interest income also rose to Rs 2,518 crore from Rs 2,379 crore in the third quarter of the previous fiscal. The bank's operating profit improved to Rs 584 crore from Rs 529 crore in the December 2024 quarter. On the asset quality front, the bank's gross non-performing assets (NPAs) declined to 2.67 per cent of gross loans by the end of December 2025 from 4.30 per cent a year ago. Similarly, net NPAs or bad loans fell to 0.45 per cent compared to 1.25 per cent in FY25. Its capital adequacy ratio moderated to 17.84 per cent from 18 per cent at the end of the same quarter
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The private sector bank's total deposits in Q3 grew 12.17 per cent to ₹1,18,211 crore, as compared to ₹1,05,387 crore a year ago
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 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
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