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
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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
South Indian Bank stock fell as much as 18.6 per cent during the day to ₹36.06 per share, the lowest level since October 20, 2025
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
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