South Indian Bank reported its highest-ever net profit of ₹1,455.14 crore for FY2025–26, up 11.69% from ₹1,302.88 crore in the previous year.
The bank also achieved its highest-ever business of ₹2,23,620 crore and operating profit of ₹2,373 crore.
Key annual highlights:
- Net profit: ₹1,455 crore (record high)
- Operating profit: ₹2,373 crore (up 4.55% YoY)
- Non-interest income: ₹2,009 crore (record high)
- Board recommended 45% dividend, subject to shareholder approval.
Asset Quality Improves Significantly
The bank strengthened its asset quality during the year:
- Provision Coverage Ratio (PCR incl. write-offs): rose to 94.10%
- Gross NPA: reduced from 3.20% to 1.43%
- Net NPA: declined from 0.92% to 0.29%
This shows better risk management and healthier loan quality.
Deposits Show Healthy Growth
Deposits saw strong growth across segments:
- Retail deposits: up 14.67% to ₹1,20,116 crore
- NRI deposits: up 11.92% to ₹35,371 crore
- Savings accounts: up 17.24% to ₹32,475 crore
Advances And Loan Book Expansion
Total gross advances grew 14.5% to ₹1,00,274 crore.
Segment-wise loan growth:
- Corporate loans: up 6.83% (99.10% A-rated accounts)
- Gold loans: up 45.62%
- Vehicle loans: up 21.39%
- Mortgage loans: up 42.50%
- Business loans: up 8.61%
Quarterly Performance Snapshot (Q4FY26)
For the quarter ended March 31, 2026:
- Net Interest Income: ₹915 crore (up 5.41%)
- Profit before tax: ₹547 crore (up 19.17%)
- Net profit: ₹408 crore (up 19.30%)
- Provisions fell sharply, boosting profitability.
Management Commentary
MD & CEO P.R. Seshadri said the bank is focused on profitable growth, strong asset quality and digital transformation. The bank continues to expand in corporate lending, MSME, auto, mortgage and gold loans.
About South Indian Bank
South Indian Bank is a Kerala-based private sector bank listed on BSE and NSE. It operates:
- 948 branches
- 1147 ATMs and 126 CRMs
- Representative office in Dubai
The bank is known for technology-driven banking and a young workforce.
Read More: April 1 Tax Changes 2026: Will New Income Tax Rules Impact Your ITR This Year?
South Indian Bank Share Price Movement
South Indian Bank share price (NSE: SOUTHBANK) closed at ₹42.80 on 6 May at 3:30 PM IST, rising ₹1.85 or 4.52% for the day. The stock opened at ₹41.40, touched a high of ₹42.89 and a low of ₹40.46 during the session. The bank currently has a market capitalisation of about ₹11.13K crore and trades at a P/E ratio of 8.06. Over the past year, the stock has moved between a 52-week low of ₹23.80 and a 52-week high of ₹46.84, while offering a dividend yield of 0.93% with a quarterly dividend amount of ₹0.10.
Conclusion
South Indian Bank delivered a strong FY26 performance with record profits, improved asset quality and solid loan growth. The dividend announcement further reflects confidence in its financial position and future growth.
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