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Informist, Thursday, Jul. 16, 2026

 

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--South Indian Bank Apr-Jun net profit INR 3.78 bln vs INR 3.22 bln year ago
--South Indian Bank Q1 total income INR 30.07 bln vs INR 29.84 bln yr ago
--South Indian Bank gross NPA ratio 1.38% on Jun 30 vs 1.43% qtr ago
--South Indian Bank net NPA ratio 0.26% on Jun 30 vs 0.29% qtr ago
--South Indian Bank Apr-Jun provisions INR 843.4 mln vs INR 2.39 bln yr ago
--South Indian Bank Basel III capital adequacy ratio 19.62% on Jun 30

 

By Nandini Sinha

 

MUMBAI – A sharp fall in provisions and contingencies led to a strong on-year growth in South Indian Bank's net profit for the June quarter. The company's total income rose marginally, weighed down by a rise in total expenses.

 

South Indian Bank's net profit for the June quarter was INR 3.78 billion, up over 17% on year, but down over 7% on quarter. The bank's net profit came in much below Nirmal Bang Equities Pvt. Ltd.'s estimate of INR 4.25 billion.

 

The bank's total income rose nearly 1% on year to INR 30.07 billion. Provisions and contingencies fell nearly 65% on year to INR 843.4 million from INR 2.39 billion a year ago. The lender's total expenses rose over 4% on year to INR 24.16 billion. Of this, interest expended constituted the major share at INR 16.03 billion.  

 

The lender's asset quality improved in the June quarter, with the gross non-performing asset ratio falling to 1.38% as of Jun. 30 from 1.43% a quarter ago. The net non-performing asset ratio fell to 0.26% as of Jun. 30 from 0.29% in the trailing quarter.

 

The Kerala-based private sector bank's Basel III capital adequacy ratio stood at 19.62% as on Jun. 30, marginally down from 19.66% in the trailing quarter. Advances rose nearly 19% on year to INR 1.03 trillion, while deposits grew over 11% on year to INR 1.26 billion. The current account savings account ratio of the bank improved to 32.98% at the end of June from 32.06% a year ago. 

 

The lender's net interest income grew over 23% on year to INR 10.25 billion also supporting the strong growth in the bottom line. Gross advances grew a little over 17% on year to INR 1.04 trillion.

 

Corporate segment loans grew over 12% on year to INR 417.04 billion, while the gold loan portfolio rose nearly 43% on year to INR 249.30 billion. Mortgage loans registered the sharpest-on-year growth of nearly 79% and stood at INR 58.56 billion.

 

The retail deposits for the June quarter were at INR 1.24 trillion, up nearly 14% on year. Deposits by non-resident Indians grew nearly 13% on year to INR 364.32 billion. The provision coverage ratio, including write-offs, rose to 94.51% from 88.82% a year ago.

 

South Indian Bank announced its June quarter results during market hours. Thursday, shares of the lender closed 0.3% lower at INR 45.39 apiece on the National Stock Exchange.  End

 

Edited by Akul Nishant Akhoury

 

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