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Informist, Wednesday, May 6, 2026

 

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--South Indian Bank Jan-Mar net profit INR 4.08 bln vs INR 3.42 bln year ago 
--South Indian Bank Q4 total income INR 29.45 bln vs INR 29.46 bln yr ago 
--South Indian Bank gross NPA ratio 1.43% on Mar 31 vs 2.67% qtr ago 
--South Indian Bank net NPA ratio 0.29% on Mar 31 vs 0.45% qtr ago 
--South Indian Bank Jan-Mar provisions INR 343.9 mln vs INR 2.24 bln yr ago 
--South Indian Bank Basel III capital adequacy ratio 19.66% on Mar 31 
--South Indian Bank to pay INR 0.45 per share dividend 
--South Indian Bank FY26 net profit INR 14.55 bln vs INR 13.03 bln year ago 
--South Indian Bank FY26 total income INR 118.56 bln vs INR 112.27 bln yr ago
 

 

By Pratiksha and Shweta

 

NEW DELHI – South Indian Bank's net profit for the quarter ended March rose on year as provisions posted the biggest on-year decline in 13 quarters. However, a rise in interest expenses ate into the lender's bottom line. 

 

The Kerala-based bank's net profit for the quarter ended March rose 19% on year to INR 4.08 billion. Sequentially, the bottom line rose 9%. Shares of the bank were up 0.4% at INR 41.10 at 1414 IST, after the earnings announcement.

 

In Jan-Mar, South Indian Bank's provisions slumped a whopping 85% on year to INR 344 million. On a sequential basis, provisions fell over 57%.

 

Total expenses, excluding provisions and contingencies, rose over 4% on year to INR 23.64 billion in the March quarter. However, they fell over 2% sequentially. Of these, interest expenses grew over 9% on year to INR 16.44 billion. The bank's operating expenses were INR 7.20 billion, down almost 5% on year and nearly 8% on quarter.

 

The lender's total income for the quarter under review was largely flat on year at INR 29.45 billion. Sequentially, however, it was down almost 2%. Of this, interest income rose almost 8% on year to INR 25.60 billion during the March quarter. Other income fell to INR 3.86 billion, down nearly 33% on year and around 21% sequentially, as has been the case with most banks this quarter on account of losses in treasury income.

 

The private sector lender's asset quality improved in the March quarter. The bank's gross non-performing asset ratio declined to 1.43% as on Mar. 31 from 2.67% at the end of December, while the net non-performing asset ratio fell to 0.29% from 0.45% as on Dec. 31.

 

The bank's Basel-III capital adequacy ratio was 19.66% as on Mar. 31, up from 17.84% as on Dec. 31 and 19.31% as on Mar. 31, 2025. For 2025-26 (Apr-Mar), South Indian Bank reported a net profit of INR 14.55 billion, up nearly 12% on year. Total income for FY26 grew nearly 6% on year to INR 118.56 billion. The bank's board has proposed dividend of INR 0.45 per share for FY26.  End

 

Edited by Avishek Dutta

 

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