South Indian Bank posts a robust Net Profit of Rs. 321.95 Crore in Q1 FY 2025-26
South Indian Bank declared net profit of Rs. 321.95 Cr. for the FY Q1 2025-26 registering a growth of 9.46% compared to Rs. 294.13 Cr. in Q1 FY 2024-25.
While declaring the results Mr. P R Seshadri, MD & CEO added that, the Bank achieved its highest ever performance in the following areas.
- Highest ever business of Rs. 2,02,119 Cr. in the history of the Bank
- Highest ever Provision Coverage Ratio (including write off) of 88.82%
- Reduced Net NPA to 0.68%
Key Highlights
- Operating Profit of the quarter increased by 32.41% from Rs. 507.68 Cr. in Q1 FY 25 to Rs. 672.20 Cr. in Q1 FY 26
- GNPA is down by 135 bps from 4.50% to 3.15 % on Y-o-Y basis
- NNPA decreased by 76bps from 1.44% to 0.68% on Y-o-Y basis
- PCR including write off increased by 960 bps from 79.22% to 88.82% Y-o-Y basis
- PCR excl. write off increased by 988 bps from 69.05% to 78.93% Y-o-Y basis
Deposits
- Retail Deposit grew by Rs. 9,623 Crore from Rs. 99,745 Crore to Rs. 1,09,368 Crore Y-o-Y showing an increase of 9.65% on Y-o-Y basis
- NRI Deposit grew by Rs. 2,190 Crore from Rs. 30,103 Crore to Rs. 32,293 Crore Y-o-Y showing an increase of 7.27% on Y-o-Y basis
- CASA grew by 9.06% Y-o-Y from Rs. 33,195 Crore to Rs. 36,204 Crore
Advances
- Gross advances grew by Rs. 6,617 Crore from Rs. 82,580 Crore to Rs. 89,198 Crore showing an increase of 8% on Y-o-Y basis
- Personal Segment grew by Rs. 5,034 Crore from Rs. 19,188 Crore to Rs. 24,222 Crore showing an increase of 26% on Y-o-Y basis
- Gold Loan portfolio grew by Rs. 1,129 Crore from Rs. 16,317 Crore to Rs. 17,446 Crore showing an increase of 7% on Y-o-Y basis
- Housing Loan grew by Rs. 3,380 crore from Rs. 5,138 Crore to Rs. 8,518 Crore registering a growth of 66%
- Vehicle Loan grew by 27% Y-o-Y from Rs. 1,741 Crore to Rs. 2,217 Crore
Statement by Mr. P.R.Seshadri, MD & CEO of the Bank:
“While announcing the financial results, I am pleased to share that our strategy continues to center around sustained profitability, superior asset quality, a resilient loan book, and a robust retail liability portfolio. We are sharpening our organizational structure and leveraging digital technology to effectively achieve our business objectives.
During the reporting period, the Bank witnessed consistent growth across all targeted segments, with a sharp focus on acquiring quality assets in verticals such as Corporate Lending, Auto Loans, Housing Loans, and Gold Loans.
Aligned with our strategic intent of ‘Profitability through Quality Credit Growth’, we have successfully onboarded new advances with low-risk profiles, ensuring a well-balanced and healthy credit portfolio.”
The Bank’s financial results include the financial results of its wholly owned subsidiary SIBOSL.
CRAR of the Bank stood at 19.48% as on 30.06.2025.