South Indian Bank (SIB) has reported strong growth across key business metrics for the quarter ended September 30, 2025, while also receiving a credit rating upgrade. The bank's performance demonstrates resilience and steady expansion in its core banking operations.

Business Growth Highlights

SIB's provisional data for Q2 FY26 shows impressive year-on-year growth:

CASA Ratio stood at 31.86%

The bank noted that it had undertaken a technical write-off of Rs. 900.00 crores during the quarter ended March 31, 2025. Excluding this adjustment, the year-on-year growth in gross advances would have been 10%.

Credit Rating Upgrade

In a separate announcement, SIB informed that M/s INFOMERICS Valuation and Rating Private Limited has upgraded the bank's issuer rating. The new rating stands at:

• Current Rating: IVR AA /Stable (IVR Double A with Stable outlook)
• Previous Rating: IVR AA- /Stable (IVR Double A minus with Stable outlook)

This upgrade reflects positively on the bank's financial strength and stability.

Management Commentary

Jimmy Mathew, Company Secretary of South Indian Bank, stated that the data is provisional and subject to limited review by the statutory auditors of the Bank. The bank has made this disclosure in accordance with SEBI regulations and its commitment to fair disclosure of unpublished price-sensitive information.

Conclusion

South Indian Bank's Q2 FY26 business updates showcase a robust performance with growth across key metrics. The credit rating upgrade further underscores the bank's improving financial profile. Investors and stakeholders will likely keep a close watch on the bank's audited results for a comprehensive understanding of its financial position.

South Indian Bank (SIB) has released important information regarding the maturity of its Non-Convertible, Redeemable, Fully Paid-Up, Unsecured, Basel III Compliant, Tier II Bonds. These bonds, which were issued on September 30, 2015, are set to mature on October 31, 2025, marking a significant event for the bank and its bondholders.

Bond Details

The bonds, identified by the ISIN INE683A08028, carry a face value of Rs. 10,00,000 each and offer a coupon rate of 10.25% per annum. The total issue size amounts to Rs 300 crore, representing a substantial financial instrument for the bank.

Key Dates for Bondholders

Payment Information

South Indian Bank has confirmed that interest will be paid up to October 30, 2025, along with the principal amount at par to eligible bondholders. The interest payment will be calculated on an actual/actual basis as per the terms of issue.

Bondholder Eligibility

Bondholders whose names appear in the Beneficiary position as of the record date (October 16, 2025) will be eligible for the final interest payment and principal repayment.

Important Notes for Bondholders

1. The bank's liability towards bondholders will cease from the maturity date.
2. South Indian Bank will not be liable for any interest or compensation after the maturity date.
3. Eligible bondholders are advised to update their correct bank account details with their respective depository participants to ensure smooth payment processing.

Bank's Statement

Jimmy Mathew, Company Secretary of South Indian Bank, stated in the official notice, "The Bonds shall be taken as discharged on payment of interest and principal amount by the Bank as aforesaid. Bank's liability to the Bondholders towards all their rights including for the payment or otherwise shall cease and stand extinguished from the maturity date."

This announcement provides clarity to bondholders and the market regarding the maturity process of these Tier II bonds, demonstrating South Indian Bank's commitment to transparent communication with its investors.