South Indian Bank Reports Rs. 374 Cr. Net Profit for Q3 FY26, 9% YoY
Filing Summary
South Indian Bank announced its unaudited financial results for the quarter ending December 31, 2025. The bank reported a net profit of Rs. 374 Cr., marking a 9% increase from the previous year’s Rs. 342 Cr. The bank’s gross advances grew by 11% to Rs. 96,764 Cr., while retail deposits increased by 13% to Rs. 1,15,563 Cr. The gross NPA ratio improved to 2.67% from 4.30%. The capital adequacy ratio stood at 17.84%. The results reflect the bank’s strategic focus on quality credit growth and asset management.
South Indian Bank has released its unaudited financial results for the quarter and nine months ending December 31, 2025. The bank reported a net profit of Rs. 374 Cr. for the third quarter of FY26, an increase of 9% from Rs. 342 Cr. in the same period of the previous fiscal year. For the nine-month period ending December 2025, the net profit rose by 9% to Rs. 1,048 Cr. compared to Rs. 961 Cr. in the previous year.
The bank’s financial performance for the quarter showed a 10% increase in pre-provisioning operating profit, reaching Rs. 584 Cr. compared to Rs. 529 Cr. in the previous year. Non-interest income increased by 19% year-on-year, from Rs. 409 Cr. to Rs. 486 Cr. The bank maintained a positive operating leverage with a 7.44% increase in net total income against a 3.61% rise in operating expenses for the nine-month period ending December 2025.
Operationally, South Indian Bank reported a reduction in its gross NPA ratio by 163 basis points, from 4.30% to 2.67% year-on-year. The net NPA ratio also decreased by 80 basis points to 0.45%. The provision coverage ratio excluding write-offs increased by 1177 basis points to 83.5%, while including write-offs, it rose by 1050 basis points to 91.57%. The bank’s return on assets remained above 1%, and the slippage ratio decreased by 17 basis points to 0.16%.
In terms of deposits, retail deposits grew by 13% year-on-year to Rs. 1,15,563 Cr., and NRI deposits increased by 9% to Rs. 33,965 Cr. The CASA ratio improved with a 15% year-on-year growth, driven by a 14% increase in savings bank deposits and a 20% rise in current account deposits. Gross advances saw an 11% increase to Rs. 96,764 Cr. The corporate segment grew by 10%, and the gold loan portfolio expanded by 26% year-on-year.
The bank’s capital adequacy ratio was reported at 17.84% as of December 2025, indicating a strong capital position. This reflects the bank’s sound capital management practices and its capacity to support future business growth. The financial results also include the performance of its wholly-owned subsidiary, SIBOSL.
South Indian Bank is a leading private sector bank based in Kerala with a nationwide presence. It operates 948 branches, 2 ultra-small branches, 3 satellite branches, 1143 ATMs, and 126 CRMs across India, along with a representative office in Dubai, UAE. The bank is known for its technology-based banking services and has one of the youngest workforces in the Indian banking sector.