South Indian Bank Share Price Rise 4% After Strong Q3 FY26 Business Update

South Indian Bank share price (NSE: SOUTHBANK) gained sharply on January 2, rising as much as 4.1% to an intraday high of ₹39.5 on the BSE after the bank released its Q3FY26 business update. At around 9:40 am, the stock was trading 2.3% higher at ₹38.7, while the Sensex was up 0.21%.

The bank currently has a market capitalisation of ₹10,127.98 crore, with a 52-week high of ₹41.65 and a 52-week low of ₹22.12.

South Indian Bank Q3FY26 Business Update

South Indian Bank reported healthy growth in both deposits and loans during the third quarter.

• Total deposits grew 12.17% year-on-year to ₹1,18,211 crore
• Gross advances increased 11.27% to ₹96,765 crore, compared to ₹86,966 crore a year ago

CASA Deposits Improve

The bank also saw strong growth in low-cost deposits.

• CASA deposits rose 14.65% to ₹37,640 crore
• CASA ratio improved by 69 basis points to 31.84%, from 31.15% last year

South Indian Bank Q2FY26 Financial Performance

In the second quarter of FY26, the bank delivered steady earnings growth:

• Total income rose 7% to ₹19,271 crore
• Operating profit increased 2.31% to ₹4,837 crore
• Net interest income (NII) grew 5.76% to ₹6,551 crore

Also Read: Wipro vs Infosys: Which IT Services Company Delivered Highest Earnings in Q2FY26?

Asset Quality and Capital Position

The bank reported further improvement in asset quality:

• Gross NPA fell to 2.6%, down from 3.48% a year ago
• Net NPA declined to 0.16%, from 0.27%
• Provision coverage ratio improved to 98.28%
• Slippage ratio reduced to 0.79%, from 1.06%
• Capital adequacy ratio stood at 17.31%

Conclusion

South Indian Bank’s strong Q3 business update, marked by double-digit growth in deposits and advances along with better asset quality, boosted investor confidence and lifted the stock.

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