South Indian Bank delivered its best-ever quarterly performance in the third quarter of FY25-26, posting a net profit of Rs 374.32 crore for the period ended December 31, 2025. This marks a 9 per cent year-on-year increase compared to Rs 341.87 crore reported in the same quarter last year.
For the nine-month period ended December 2025, the bank’s net profit rose 9 per cent to Rs 1,047.64 crore, reflecting sustained momentum across core business segments. Pre-provisioning operating profit for the quarter grew 10 per cent year-on-year to Rs 584.33 crore, supported by strong operational efficiency and revenue growth.
Non-interest income rose sharply by 19 per cent to Rs 485.93 crore, while the bank continued to maintain positive operating leverage, with net total income growing faster than operating expenses during the nine-month period.
Asset quality showed significant improvement during the quarter. Gross non-performing assets declined to 2.67 per cent from 4.30 per cent a year earlier, while net NPAs dropped to 0.45 per cent from 1.25 per cent. Provision coverage ratios also strengthened considerably, with PCR including write-offs rising to 91.57 per cent. Return on assets remained above the 1 per cent mark, highlighting improved profitability metrics.
On the deposits front, retail deposits increased 13 per cent year-on-year to Rs 1.15 lakh crore, while NRI deposits grew 9 per cent to Rs 33,965 crore. CASA deposits rose 15 per cent, driven by growth in both savings and current account balances.
Gross advances expanded by 11 per cent to Rs 96,764 crore, supported by growth across corporate, MSME, business banking, vehicle loans, and gold loans. The gold loan portfolio registered a strong 26 per cent year-on-year increase, while vehicle loans grew 24 per cent.
Commenting on the performance, P. R. Seshadri, Managing Director and CEO, South Indian Bank, said the bank’s disciplined strategy focused on quality credit growth and prudent risk management continues to underpin its strong financial performance. He added that the bank remains committed to sustainable growth while maintaining a low-risk credit profile.
The bank’s capital adequacy ratio stood at a healthy 17.84 per cent as of December 2025, providing ample headroom to support future expansion. South Indian Bank currently operates 948 branches, along with an extensive ATM and CRM network across India and continues to strengthen its digital banking offerings nationwide.
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