South Indian Bank
41.70
+1.23(+3.04%)
Market Cap₹10,913.09 Cr
PE Ratio7.80
IndustryBanks
Company Performance:
1D+3.04%
1M+4.35%
6M+39.00%
1Y+63.53%
5Y+380.41%
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More news about South Indian Bank
24Dec 25
South Indian Bank Allots 1.06 Lakh Equity Shares Under Employee Stock Option Scheme
South Indian Bank allotted 1,06,226 equity shares under SIBESOS Scheme-2008 on December 24, 2025, across four tranches with exercise prices from ₹20.00 to ₹27.14. The allotment generated ₹24.48 lakhs in consideration and increased the bank's issued capital to ₹261.72 crores. The exercise was approved by the Nomination and Remuneration Committee in compliance with SEBI regulations.
18Nov 25
South Indian Bank Revises MCLR Rates Across All Tenors
South Indian Bank has announced revised Marginal Cost of Funds Based Lending Rates (MCLR) effective November 20, 2025. The new rates range from 8.15% for overnight MCLR to 9.65% for one-year MCLR. This change may impact interest rates on various MCLR-linked loans. The bank has informed stock exchanges about this revision in compliance with SEBI regulations. Updated MCLR rates will be available on the bank's official website.
17Nov 25
South Indian Bank Unveils Premium Savings Account for Women with Comprehensive Benefits
South Indian Bank introduces 'SIB HER Account', a premium savings product exclusively for women, including NRIs. The account requires a minimum monthly balance of ₹50,000 and offers features such as air accident insurance up to ₹1 crore, cancer care coverage up to ₹25 lakh, auto-sweep facility, and complimentary airport lounge access. This product aims to cater to affluent female customers and expand the bank's retail franchise.
31Oct 25
South Indian Bank Completes Rs 300 Crore Bond Redemption
South Indian Bank has successfully redeemed its Non-Convertible, Redeemable, Unsecured, Basel III Compliant, Tier II Bonds. The bank repaid the principal amount of Rs 300 crores and made an interest payment of Rs 18.03 crores. The bonds, with a face value of Rs 10 lakh each and a coupon rate of 10.25% per annum, were fully redeemed on the maturity date. The bank redeemed 3,000 bonds in total, leaving no outstanding amount post-redemption. The interest payment was made on October 31, as scheduled.
22Oct 25
South Indian Bank Reports 8% Net Profit Growth in Q2, NIM at 2.8%
South Indian Bank's Q2 FY26 results show net profit rising to ₹351.00 crores, up 8% year-on-year. Total deposits grew by 10% to ₹115,635.00 crores, while advances increased 9% to ₹92,286.00 crores. Asset quality improved significantly with Gross NPA ratio decreasing to 2.93% from 4.40% and Net NPA falling to 0.56% from 1.31%. The bank maintains a strong capital position with a Capital Adequacy Ratio of 17.70%. Notable growth was seen in gold loans (13%), home and auto loans (25% each), and MSME disbursements (127%). Management expects NIM recovery and plans to reduce corporate advances while focusing on retail and MSME segments.
16Oct 25
South Indian Bank Reports Record Quarterly Profit, Targets Sustained Growth in Retail and MSME Segments
South Indian Bank (SIB) achieved its highest-ever quarterly net profit of ₹351.36 crore in Q2 FY2025-26, an 8% increase year-over-year. The bank saw significant improvements in asset quality, with Gross NPA falling to 2.93% and Net NPA to 0.56%. SIB reported growth across various segments, including a 11% increase in retail deposits, 9% growth in NRI deposits, and a 9% rise in gross advances. The bank's focus on retail and MSME sectors, along with its digital transformation efforts, contributed to this performance. SIB's Capital Adequacy Ratio stood at 17.70%, well above regulatory requirements, positioning it for future growth.
16Oct 25
South Indian Bank Reports Robust Q2 FY26 Results with Net Profit of ₹618.82 Crore
South Indian Bank released its Q2 FY26 unaudited financial results, reporting a net profit of ₹618.82 crore and total income of ₹5,500.97 crore. The bank's asset quality improved with a gross NPA ratio of 2.93% and net NPA ratio of 0.56%. The capital adequacy ratio stood at 18.04%. The bank also exercised a call option on its 9.50% Tier-II bonds worth ₹1,490 crore during the quarter.
01Oct 25
South Indian Bank Reports Robust Growth in Q2 FY26, Credit Rating Upgraded
South Indian Bank (SIB) has reported significant growth in key business metrics for Q2 FY26. Gross advances increased by 9% YoY to Rs. 92,287.00 crore, total deposits grew by 10% to Rs. 1,15,635.00 crore, and CASA rose by 10% to Rs. 36,841.00 crore. The bank's CASA ratio stood at 31.86%. SIB also received a credit rating upgrade from INFOMERICS to IVR AA /Stable from IVR AA- /Stable, reflecting improved financial strength. The bank noted a technical write-off of Rs. 900.00 crore in Q4 FY25, without which gross advances growth would have been 10%.
18Sept 25
South Indian Bank Announces Maturity Details for Rs 300 Crore Tier II Bonds
South Indian Bank's Non-Convertible, Redeemable, Unsecured, Basel III Compliant Tier II Bonds (ISIN: INE683A08028) will mature on October 31, 2025. The bonds, issued on September 30, 2015, have a face value of Rs. 10,00,000 each with a 10.25% coupon rate. The total issue size is Rs 300 crore. Final interest payment and principal repayment will be made to eligible bondholders as of the record date, October 16, 2025. The bank's liability towards bondholders will cease after the maturity date.
18Aug 25
South Indian Bank Announces Revised MCLR Rates Effective August 20, 2025
South Indian Bank has announced changes to its Marginal Cost of Funds Based Lending Rates (MCLR) across multiple tenors, effective from August 20, 2025. The overnight MCLR is set at 8.20%, while the one-year MCLR stands at 9.70%. The bank has introduced a gradual increase in rates from shorter to longer tenors. This revision is likely to impact borrowers with MCLR-linked loans. The announcement was made in compliance with SEBI regulations and communicated to both NSE and BSE.
23Jul 25
South Indian Bank Reports 10% Profit Growth, Crosses ₹2 Lakh Crore Business Milestone in Q1
South Indian Bank reported robust Q1 results with net profit up 10% to ₹322 crores and operating profit rising 32% to ₹672 crores year-on-year. The bank's total business surpassed ₹2 lakh crore, growing 9% to ₹2,02,119 crores. Asset quality improved significantly with gross NPA reducing to 3.15% and net NPA to 0.68%. Key financial metrics showed strength with ROA at 1.01% and ROE at 12.41%. The bank saw growth across various loan segments, including a 66% increase in home loans. Management expects credit growth to exceed 12% for the fiscal year.
17Jul 25
South Indian Bank: Q1 Profit Up 10% YoY Despite NII Dip, Asset Quality Improves
South Indian Bank's Q1 results show a 10% year-over-year increase in net profit to ₹322.00 crore, despite a 4% decrease in Net Interest Income to ₹832.00 crore. The bank's asset quality improved with Gross Non-Performing Assets (GNPA) reducing to 3.15% from 3.20% and Net Non-Performing Assets (NNPA) decreasing to 0.68% from 0.92% in the previous quarter. These results demonstrate the bank's effective cost management, operational efficiency, and strengthened risk management practices.
10Jul 25
South Indian Bank Announces Board Meeting to Discuss Fund Raising Plans
South Indian Bank has scheduled a board meeting for July 17, 2025, to review Q1 FY2026 financial results and discuss various fund-raising options. The bank will consider equity fund-raising through methods like QIP, preferential issue, GDRs, ADRs, FCCBs, and FPO. Additionally, the board will explore issuing debt securities in Indian or foreign currency. The trading window for insiders is closed from July 1 to July 19, 2025, in compliance with SEBI regulations.
02Jul 25
South Indian Bank Reports Robust Growth in Advances and Deposits for Q1
South Indian Bank has announced significant growth in key financial metrics for the first quarter. Gross advances increased by 8.02% year-over-year to ₹89,201.00 crore. Total deposits rose by 9.07% to ₹1,13,000.00 crore. CASA deposits grew by 9.06% to ₹36,204.00 crore, with the CASA ratio remaining stable at 32.06%. This balanced growth in both advances and deposits indicates the bank's expanding market presence and potential for improved profitability.
01Jul 25
South Indian Bank: Q1 Gross Advances Grow 8%, Deposits Rise 9%
South Indian Bank announced significant growth in key financial metrics for Q1 FY24. Gross advances increased by 8.02% year-over-year to ₹89,201.00 crore, while total deposits rose by 9.07% to ₹1,13,000.00 crore. CASA deposits grew by 9.06% to ₹36,204.00 crore, maintaining a CASA ratio of 32.06%. This balanced growth in both advances and deposits indicates the bank's expanding market presence and improved financial health.
19May 25
South Indian Bank Sets Ambitious Loan Growth Target for FY26, Focusing on MSME and Retail Sectors
South Indian Bank has announced its FY26 growth strategy, aiming for over 12% loan growth with a focus on MSME and retail segments. The bank expects 20%+ growth in its MSME loan book. Asset quality has improved with GNPAs at 3.20% and Net NPAs at 0.92%. The bank aims to reduce its cost-to-income ratio by 200-250 basis points this fiscal year. However, a slight compression in net interest margins by 10-12 basis points is anticipated.
16May 25
South Indian Bank's Q4 Profit Soars 57.6%, Asset Quality Improves; Stock Hits 11-Month High
South Indian Bank (SIB) reported a 57.6% year-on-year increase in Q4 profit, reaching Rs 683.00 crore. The bank's board announced a dividend of Rs 0.40 per equity share. Asset quality improved with gross NPA ratio declining to 3.20%. For FY 2024, SIB's revenue grew by 25.88% to Rs 10,128.30 crore, net profit increased by 38.06% to Rs 1,070.10 crore, and EPS rose by 46.13% to Rs 5.10. The stock price reached an 11-month high following the announcement.
15May 25
South Indian Bank: Q4 Profit Surges 58%, Shares Hit 9-Month High
South Indian Bank announced strong Q4 FY2024 results with net profit rising 57.60% to ₹683.00 crore. The bank's Gross Non-Performing Assets improved to 3.20%. Gross advances grew by 10.00% to ₹88,447.00 crore, while retail deposits increased by 7.44% to ₹1.05 lakh crore. The bank declared a dividend of ₹0.40 per share, and its stock reached a nine-month high, rising 1.39% to ₹27.25.
14May 25
South Indian Bank to Announce Q4 Results and FY24 Dividend on May 15
South Indian Bank will disclose its Q4 and FY24 financial results on May 15, 2023. The board will review and approve the results, and consider a dividend recommendation for FY24. An earnings call is scheduled for May 16 to discuss the performance. The trading window for designated persons is closed from April 1 to May 17, 2023.
03Apr 25
South Indian Bank Reports Robust Growth in Advances and Deposits for FY 2025
South Indian Bank's provisional figures for FY 2025 show significant growth. Gross advances increased by 9.97% to Rs 88,447.00 crore. Total deposits grew by 5.50% to Rs 107,526.00 crore, with retail deposits up 7.44%. CASA deposits rose by 3.17% to Rs 33,730.00 crore, although the CASA ratio slightly decreased from 32.08% to 31.37%.
02Apr 25
South Indian Bank Reports Robust Growth in Advances and Deposits for FY 2025
South Indian Bank's provisional figures for FY 2024-25 show significant growth. Gross advances increased by 9.97% to Rs 88,447.00 crore, while total deposits grew by 5.50% to Rs 107,526.00 crore. Retail deposits rose by 7.44% to Rs 105,011.00 crore, and CASA deposits increased by 3.17% to Rs 33,730.00 crore. The bank also reported timely interest payments on its bonds and compliance with securities dematerialization regulations.
South Indian Bank
41.70
+1.23
(+3.04%)
1 Year Returns:+63.53%
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