South Indian Bank Ltd designated SIB Tower in Kakkanad, Kerala, as its new Corporate Office following a board meeting on October 15, 2026. This move centralizes administrative operations while retaining the existing registered office location.

The board approved the designation of the facility located at Near Infopark Expressway, Rajagiri Valley P.O, Kakkanad, Ernakulam, Kerala – 682039. The decision was taken during the meeting held on October 15, 2026, which commenced at 11:00 am and concluded at 7:30 pm.

Registered office status

The bank clarified that there is no change to its Head Office or Registered Office. These functions will continue to operate from SIB House, Mission Quarters, T B Road, Thrissur-680001. The distinction between the operational corporate hub and the legal registered address remains intact.

Regulatory compliance

This intimation was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The details have been made available on the bank's official website for public dissemination.

South Indian Bank reported a net profit of ₹4.3 billion for the second quarter, marking an increase from ₹3.5 billion in the corresponding period last year.

The bank’s performance exceeded market expectations, with the reported figure surpassing the consensus estimate of ₹4 billion. This improvement was supported by strong top-line growth and improved asset quality metrics.

Financial Performance

The bank clocked revenue of ₹28 billion in Q2, up from ₹24 billion recorded in the year-ago quarter. The significant jump in net profit alongside revenue growth indicates enhanced operational efficiency during the period.

Asset Quality Improvement

Asset quality indicators showed notable improvement on a sequential basis. Gross Non-Performing Assets (GNPA) declined to 1.24% in Q2, down from 1.38% in the previous quarter. Similarly, Net Non-Performing Assets (NNPA) contracted sharply to 0.09%, compared to 0.26% in the prior quarter.

What the Numbers Show

The simultaneous rise in net profit and decline in both GNPA and NNPA suggests that the bank is not only growing its earnings but also strengthening its balance sheet health. The reduction in NNPA to near-zero levels (0.09%) highlights effective recovery efforts or write-offs, contributing directly to the bottom-line expansion.