South Indian Bank Shares

South Indian Bank posts highest-ever quarterly profit of Rs 342 crore in Q3

The bank's operating profit in Q3FY25 was up by 9.4 per cent at Rs 528.84 crore, as against Rs 341.87 crore in the third quarter of the previous financial year

South Indian Bank up 5% after Q2 profit climbs 18% YoY; check details here

The up move in South Indian Bank share price came after the lender announced a strong set of September quarter of financial year 2025 (Q2FY25) results.

South Indian Bank share price jumps 6% on strong June quarter show

The bank's standalone net profit rose 45.4 per cent to Rs 294.1 crore in Q1FY25, as opposed to Rs 202.4 crore in Q1FY24.

South Indian Bank Q1 results: PAT up 45% at Rs 294 cr on lower provisions

South Indian Bank on Thursday reported a 45.29 per cent jump in its June quarter net profit at Rs 294 crore, helped by lower provisions. The lender had posted a net profit of Rs 202 crore in the year-ago period, according to a statement. Its core net interest income grew 7 per cent to Rs 808 crore, on the back of a 11 per cent growth in overall advances and 0.08 per cent decline in the net interest margin at 3.26 per cent. The other income grew 16.8 per cent to Rs 422 crore. Overall deposits grew by 8.41 per cent to Rs 1.03 lakh crore. The provisions were lower by 43 per cent to Rs 113 crore, which helped the bank widen its profit growth. On the asset quality front, the proportion of gross non performing assets stood at 4.50 per cent as against the 5.13 per cent in the year-ago period. Its overall capital adequacy stood at 18.11 per cent as on June 30, 2024. The bank scrip closed 1.27 per cent down at Rs 26.50 apiece on the BSE, as against gains of 0.78 per cent on the benchmark

South Indian Bank targets 11-12% deposit growth in FY25: MD & CEO Seshadri

The bank will focus more on growing its retail and micro, small and medium enterprises (MSME) portfolio

South Indian Bank, Karur Vysya Bank post double digit growth in deposits

The deposits of South Indian Bank grew by 11.21% year-on-year (Y-o-Y) to Rs 1,01,929 crore from Rs 91,651 cr. Meanwhile, the deposits of Karur Vysya Bank rose by 16.28% Y-o-Y to Rs 89,113 cr

South Indian Bank approves Rs 1,151 cr rights issues to fund business

South Indian Bank on Thursday said the board of the bank has approved a rights issue raise of up to Rs 1,151 crore to fund business growth. The board has approved proposal for issuance of 5,231,85,254 rights issue on fully-paid up basis for an amount aggregating up to Rs 1,151.01 crores assuming full subscription with respect to rights equity shares, South Indian Bank said in a regulatory filing. The rights issue would be priced at Rs 22 per fully paid-up share, including a Rs 21 premium per unit on application, it said. The rights issue opens on March 6 and closes on March 20, 2024, the private sector lender added.

South Indian Bank's board approves terms of rights issue worth Rs 1,151 cr

The bank will issue 523.1 million rights shares at Rs 22 each on a fully paid-up basis

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South Indian Bank Q4 net profit up 23% at Rs 334 cr as advances grow

During the period under review, the bank's operating profit was seen up by 95% from Rs 288 crore in fourth quarter of FY22 to Rs 562 crore during the same period in FY23

South Indian Bank to name new CEO by May as Ramakrishnan announces exit

Search committee considering internal and external options for selecting new chief of Thrissur-based lender

South Indian Bank's move on tier-2 bond won't disrupt sector: Fitch

Lender decision to not redeem the bonds does not indicate any weakness in capital position, says ratings agency

South Indian Bank wins UiPath Automation award for work on robotics

Award was bestowed upon for bank's exceptional use of robotic process automation capabilities under crisis for solving severe operational constraints and ensuring business continuity

Kerala-based South Indian Bank announces 6Cs strategy for Vision 2024

While current growth trends remain muted due to the Covid-19 pandemic, the bank is optimistic of a revival in growth from Q1FY22 onwards

South Indian Bank seeks approval from shareholders for share issuance

People in the know said the bank expects the fund raising to support its plan to grow its advances by 20%

South Indian Bank cracks 8 per cent over weak December quarter numbers

Shares of South Indian Bank slipped as much as 8.3 per cent to Rs 14.25 apiece in the intra-day trade on BSE after the company announced its December quarter results on Saturday.