Latest news about South Indian Bank
South Indian Bank
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More news about South Indian Bank
18Jul 26
South Indian Bank schedules 98th AGM on Aug 20, seeks ₹1,000 crore fund raise
South Indian Bank announced its 98th AGM for August 20, 2026, via VC/OAVM, with a record date of August 13, 2026, for dividend eligibility. The Board seeks approval to raise ₹1,000 crore via debt instruments and to appoint/re-appoint key directors, including the MD & CEO.
16Jul 26
South Indian Bank Board Approves Fundraising Plan of Up to ₹1,000 Crore via Debt Securities, Subject to Shareholder Approval
South Indian Bank's board has approved a fundraising plan of up to ₹1,000 crore through debt securities. The proposal is pending shareholder consent before it can be executed. The move reflects the bank's intent to raise capital via the debt route. No further details on the timeline or use of proceeds were disclosed.
09Jul 26
South Indian Bank appoints Mahesh Muralidhar Pai as MD & CEO from Oct 1, 2026
South Indian Bank received RBI approval to appoint Mahesh Muralidhar Pai as Managing Director & CEO for a three-year term starting October 1, 2026. Pai, currently Chief General Manager at Canara Bank, brings extensive experience in digital banking and strategy. The Board will consider the appointment on July 16, 2026, followed by shareholder approval.
02Jul 26
South Indian Bank Q1 FY27: Gross Advances Rise 17% YoY to ₹104,366 Crore
South Indian Bank reported strong Q1 FY27 business performance with gross advances rising 17.01% YoY to ₹104,366 crore and total deposits growing 11.39% to ₹125,786 crore. CASA deposits increased 14.61% to ₹41,493 crore, improving the CASA ratio to 32.99%. The bank noted that a technical write-off of ₹1,048 crore in the previous quarter impacted the reported growth figure, with the underlying advance growth standing at 18%.
18Jun 26
South Indian Bank relieves Biji S S as Chief General Manager
South Indian Bank relieved Ms. Biji S S from the role of Chief General Manager and Head of Branch Banking, Liabilities, Micro & Small Enterprises and Third Party Products, effective June 17, 2026. The bank stated that internal leadership is sufficient to maintain continuity.
16Jun 26
South Indian Bank approves chairman remuneration and new director
South Indian Bank announced the results of its postal ballot conducted via remote e-voting, confirming the approval of remuneration for Non-Executive Part-time Chairman Jose Joseph Kattoor and the appointment of Thomson Thomas as an Independent Director. The resolutions, passed on June 14, 2026, received 99.96% and 99.77% votes in favour respectively. The scrutinizer's report verified the process, and the results were submitted to the stock exchanges on June 15, 2026.
23May 26
South Indian Bank approves panel for MD & CEO post
South Indian Bank's Board approved a panel for the MD & CEO post effective Oct 1, 2026. The bank will seek RBI approval for the appointment.
20May 26
South Indian Bank meets Sundaram Asset Management
South Indian Bank held a meeting with Sundaram Asset Management on May 19, 2026. The meeting was a one-on-one physical session held at SIB Tower in Kakkanad. No unpublished price sensitive information was shared during the interaction.
19May 26
South Indian Bank Chief General Manager Biji S S to Retire Voluntarily on June 17, 2026
South Indian Bank disclosed the voluntary retirement of Chief General Manager Ms. Biji S S, effective June 17, 2026, under SEBI Regulation 30. After 30 years of service, she cited personal grounds and the pursuit of professional opportunities outside the bank. The bank confirmed sufficient internal leadership for management continuity and will make further disclosures upon her last working day.
19May 26
South Indian Bank Opens Remote E-Voting for Postal Ballot via CDSL
South Indian Bank has completed the dispatch of its postal ballot notice via email on May 15, 2026, to eligible members as on the cut-off date of May 08, 2026. Remote e-voting through CDSL is open from May 16, 2026, at 9:00 a.m. IST to June 14, 2026, at 5:00 p.m. IST, with results to be declared on or before June 16, 2026, at 5:00 p.m. IST. Sri. P. D. Vincent has been appointed as Scrutinizer, with Sri. Jayan K as alternate, to oversee the process.
14May 26
South Indian Bank Q4 FY26 Earnings Call: Record Profit, Asset Quality Gains
South Indian Bank released the transcript of its Q4 FY26 earnings call, revealing a record net profit of ₹1,455 crores for FY26, up 12% YoY, with total deposits rising 15% to ₹1,23,346 crores and gross advances growing 14.50% to ₹1,00,274 crores. Asset quality improved significantly, with Gross NPA declining 177 bps to 1.43% and Net NPA falling to 0.29%. Q4 FY26 net profit was ₹408 crores, with NIM at 2.95% and credit cost at just 3 basis points.
13May 26
South Indian Bank Notifies Transfer of Equity Shares to IEPF; Shareholders Must Claim by August 14, 2026
South Indian Bank has issued a public notice announcing the transfer of equity shares with unclaimed dividends for seven consecutive years from 2018-19 to the IEPF Authority, as required under the IEPF Authority Rules, 2016. Affected shareholders must submit valid claims to the bank's Registrar or Registered Office on or before August 14, 2026, to avoid transfer of their shares. Shares relating to dividend years 2010-11 through 2017-18 have already been transferred to the IEPF Authority's Demat account. Shareholders whose shares have been transferred may reclaim them by filing Form IEPF-5 online and submitting the physical copy with requisite documents to the company's Nodal Officer.
09May 26
South Indian Bank Opens Special Window for Transfer and Dematerialisation of Physical Securities
South Indian Bank Ltd. has announced a one-year special window (February 05, 2026 to February 04, 2027) for the transfer and dematerialisation of physical securities sold or purchased prior to April 01, 2019, in compliance with SEBI Circular No. HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026. The window also covers previously rejected or unattended transfer requests, with all transfers processed in demat mode and subject to a one-year lock-in. Shareholders can submit documents to RTA MUFG Intime India Pvt. Ltd. in Coimbatore or contact the Bank directly.
09May 26
South Indian Bank Conducts One-on-One Virtual Meeting with UNIFI CAPITAL
South Indian Bank conducted a one-on-one virtual analyst/investor meeting with UNIFI CAPITAL on May 08, 2026, in compliance with Regulation 30(6) of SEBI (LODR) Regulations, 2015. The bank confirmed no unpublished price sensitive information was shared during the meeting. The intimation, filed under reference SEC/ST.EX.STT/20/2026-27 by Company Secretary Jimmy Mathew, was submitted to both NSE and BSE and hosted on the bank's official website.
08May 26
South Indian Bank Reports Audited Standalone and Consolidated Financial Results for Quarter and Year Ended March 31, 2026
South Indian Bank reported audited standalone net profit after tax of ₹1,45,514 lakhs for the year ended March 31, 2026, compared to ₹1,30,288 lakhs in the prior year, with total income from operations at ₹11,85,599 lakhs. On a consolidated basis, net profit after tax for the full year stood at ₹1,45,564 lakhs versus ₹1,30,310 lakhs previously, while total income from operations was ₹11,85,528 lakhs. Standalone net worth improved to ₹11,00,363 lakhs from ₹9,64,615 lakhs, and basic earnings per share rose to 5.56 from 4.98. The results were published pursuant to Regulation 30 and 47 of the SEBI (LODR) Regulations, 2015, and signed off by Managing Director & CEO P R Seshadri.
08May 26
South Indian Bank Receives RBI Nod for Kotak Mahindra Bank to Acquire Up to 9.99% Stake
The RBI has granted approval to Kotak Mahindra Bank Limited to acquire an aggregate holding of up to 9.99% of the paid-up share capital or voting rights in South Indian Bank Limited. South Indian Bank received the RBI intimation on May 06, 2026, and made the disclosure to stock exchanges on May 07, 2026, under Regulation 30 of SEBI (LODR) Regulations, 2015. The approval is subject to compliance with the Banking Regulation Act, 1949, RBI Directions, 2025, FEMA, 1999, and applicable SEBI regulations.
07May 26
South Indian Bank Posts Highest Ever Net Profit of ₹1,455 Cr in FY26, Declares 45% Dividend
South Indian Bank posted its highest ever net profit of ₹1,455.14 Cr in FY 2025-26, up 11.69% YoY, alongside record operating profit of ₹2,373 Cr and non-interest income of ₹2,009 Cr. Asset quality improved sharply with Gross NPA falling to 1.43% from 3.20% and Net NPA declining to 0.29% from 0.92% YoY. The Board recommended a 45% dividend (₹0.45 per share), while total deposits and gross advances grew 14.71% and 14.50% respectively on a YoY basis.
25Apr 26
South Indian Bank Allots 23,986 Equity Shares Under ESOS Scheme-2008
South Indian Bank has allotted 23,986 equity shares to eligible grantees upon exercise of stock options under the SIB ESOS Scheme-2008 on April 24, 2026. The allotment was approved by the Nomination and Remuneration Committee of the Board and comprises three tranches granted between July 2023 and September 2024. Following this allotment, the bank's issued and subscribed capital stands increased to Rs. 2,61,75,91,890.00 divided into 2,61,75,91,890 equity shares of Re. 1 each.
22Apr 26
South Indian Bank Schedules Board Meeting on May 6, 2026 for Q4 FY26 Financial Results
South Indian Bank has scheduled its board meeting for May 6, 2026, to approve audited financial results for Q4 and FY26 ended March 31, 2026, and consider dividend recommendations for FY 2025-26. The bank has implemented trading window restrictions from April 1 to May 8, 2026, prohibiting securities trading by directors, connected persons, and designated employees in compliance with SEBI insider trading regulations.
06Apr 26
South Indian Bank Files Q4FY26 Compliance Certificate Under SEBI Depositories Regulations
South Indian Bank Limited submitted its Q4FY26 compliance certificate under SEBI Regulation 74(5) on April 06, 2026. The certificate, issued by registrar MUFG Intime India Private Limited, confirms proper handling of dematerialisation processes during the quarter ended March 31, 2026. The bank notified NSE and BSE, maintaining regulatory compliance and transparency with stakeholders.
04Apr 26
South Indian Bank Intimates Company Secretary and RTA Details to Stock Exchanges
South Indian Bank has intimated stock exchanges about its Company Secretary and RTA details under SEBI regulations. Jimmy Mathew continues as Company Secretary and compliance officer since July 01, 2012, with FCS membership number 13517. The bank's RTA underwent a name change from Link Intime India Private Limited to MUFG Intime India Private Limited effective December 31, 2024, while maintaining the same appointment date of February 02, 2024.
02Apr 26
South Indian Bank Reports 15.66% Growth in Advances, Deposits Rise 14.71% in FY26
South Indian Bank delivered robust provisional financial performance for FY26 with gross advances reaching ₹1.01 trillion (15.66% growth) and total deposits of ₹1.23 trillion (14.71% growth). The bank's CASA deposits grew 17.47% to ₹39,621 crore with CASA ratio improving by 75 basis points to 32.12%, indicating strong operational efficiency and cost-effective funding growth.
26Mar 26
South Indian Bank Allots 72,488 Equity Shares Under Employee Stock Option Scheme
South Indian Bank allotted 72,488 equity shares on March 26, 2026 under its ESOS Scheme 2008 across three tranches with exercise prices ranging from Rs. 20.00 to Rs. 27.14. The bank received total consideration of Rs. 15,95,819.10 from eligible grantees exercising their stock options. Post-allotment, the issued and subscribed capital increased to Rs. 261,75,67,904.00 divided into 2,61,75,67,904 equity shares of Re. 1 each.
26Mar 26
South Indian Bank Receives Credit Rating Reaffirmation and Assignment from Infomerics
South Indian Bank announced that Infomerics Valuation and Rating Ltd has reaffirmed its issuer rating at IVR AA/Stable and assigned a new IVR AA/Stable rating for its Rs. 25,000.00 crore fixed deposit programme. The rating actions were communicated on March 26, 2026, in compliance with SEBI listing regulations, with the rating rationale published and made available to stakeholders.
22Mar 26
South Indian Bank Board Meeting Outcome: Thomson Thomas Appointed as Director
South Indian Bank has formally appointed Mr. Thomson Thomas as Additional Director (Non-Executive Independent Director) effective March 23, 2026, through an official board meeting outcome filed with stock exchanges. The appointment replaces Mr. V J Kurian who completes his term on March 22, 2026, with the new director bringing 39 years of distinguished experience in banking, finance, corporate audit, and governance.
21Mar 26
South Indian Bank Confirms Chairman Transition with Complete Regulatory Filing
South Indian Bank has completed its chairman transition process with comprehensive regulatory documentation. The bank officially appointed Mr. Jose Joseph Kattoor as Non-Executive Part Time Chairman for three years, replacing Mr. V J Kurian who retires on March 22, 2026. The transition complies with Banking Regulation Act requirements and SEBI listing obligations.
21Mar 26
South Indian Bank Board Approves Elevation of Seven Senior Management Personnel
South Indian Bank announced strategic leadership changes with seven senior management personnel elevations effective April 1, 2026, following a board meeting on March 21, 2026. The promotions include Mr. Anto George T to Executive Vice President & Chief Operating Officer and five executives to Chief General Manager roles across key functions including technology, credit, corporate banking, and branch operations, with proper regulatory compliance under SEBI Listing Regulations.
18Mar 26
South Indian Bank Revises MCLR Rates Across Multiple Tenors Effective March 20, 2026
South Indian Bank has revised its Marginal Cost of Funds Based Lending Rates (MCLR) effective March 20, 2026, with rates ranging from 8.00% for overnight tenor to 9.50% for one-year tenor. The bank communicated this change to stock exchanges under SEBI Regulation 30, with the updated rates also published on its official website for stakeholder reference.
26Feb 26
South Indian Bank Allots 1,54,754 Equity Shares Under Employee Stock Option Scheme
South Indian Bank allotted 1,54,754 equity shares on February 26, 2026 under its SIB ESOS Scheme-2008, generating proceeds of Rs. 33,95,034.90 from three tranches with exercise prices between Rs. 20.00 and Rs. 27.14. The allotment increased the bank's issued capital to Rs. 2,61,74,95,416.00 divided into 2,61,74,95,416 equity shares of Re. 1/- each, with the transaction conducted in full compliance with SEBI regulations.
18Feb 26
South Indian Bank Schedules Analyst Meeting with Wellington Management in Singapore
South Indian Bank has scheduled a one-on-one analyst meeting with Wellington Management for February 23, 2026 in Singapore. The meeting, conducted under SEBI Regulation 30 compliance, will not involve sharing of unpublished price sensitive information. The bank has formally notified both NSE and BSE about this investor relations activity.
18Feb 26
South Indian Bank Revises MCLR Rates Across Multiple Tenors Effective February 20, 2026
South Indian Bank has revised its Marginal Cost of Funds Based Lending Rates (MCLR) effective February 20, 2026, with rates ranging from 7.95% for overnight tenor to 9.45% for one-year tenor. The bank communicated this change to stock exchanges under SEBI regulations, with Company Secretary Jimmy Mathew signing the official notification on February 18, 2026. The revised rate structure shows a progressive increase across tenors, with the most significant jump occurring between one-month (8.40%) and three-month (9.35%) tenors.
03Feb 26
South Indian Bank Receives RBI Approval for José Joseph Kattoor as Non-Executive Part-Time Chairman
South Indian Bank has obtained RBI approval for José Joseph Kattoor's appointment as Non-Executive Part-Time Chairman. The regulatory clearance represents a significant governance milestone and demonstrates compliance with banking sector leadership requirements. This approval marks an important step in the bank's leadership transition process.
29Jan 26
South Indian Bank MD & CEO P R Seshadri to Step Down Post Current Term, Board Initiates Succession Planning
South Indian Bank's MD & CEO P R Seshadri will not seek reappointment after his current term ends on September 30, 2026, choosing to pursue personal interests. The Board of Directors, meeting on January 29, 2026, has initiated succession planning to identify a suitable replacement. The appointment process will require approvals from the Reserve Bank of India and shareholders, with Seshadri continuing in his role until term completion.
23Jan 26
South Indian Bank Issues Strike Alert for January 27, 2026 Operations
South Indian Bank has notified stock exchanges about a potential nationwide bank strike on January 27, 2026, called by United Forum of Bank Unions. While branch operations may be disrupted, the bank assured continuity of ATM and digital banking services to meet customer needs during the strike period.
23Jan 26
Indian Bank Management Targets 12-13% Credit Growth While Prioritizing Asset Quality
Indian Bank management has provided positive guidance, expecting to surpass current credit growth targets and sustain momentum into the next year. The bank is targeting 12-13% credit growth while prioritizing asset quality, reflecting a balanced approach to expansion and risk management.
23Jan 26
Indian Bank Sets Asset Quality Guidance with Gross NPA Target Below 2%
Indian Bank has set asset quality guidance targeting Gross NPA below 2.00% and Net NPA at 0.50%. The bank expects to maintain current slippage ratio levels, though management noted potential minor variations in March. This guidance demonstrates the bank's focus on maintaining strong asset quality metrics and effective credit risk management.
23Jan 26
Indian Bank Achieves ₹1,98,350 Crores in Digital Business, On Track to Exceed Annual Target
Indian Bank has achieved ₹1,98,350 crores in digital business for the nine months ended Q3 FY26, representing 88.16% of its annual target of ₹2,25,000 crores. With only ₹26,650 crores remaining to reach the target and one quarter left in the fiscal year, management has expressed confidence in surpassing the full-year digital business target, reflecting strong momentum in the bank's digital transformation strategy.
23Jan 26
Indian Bank Reports Nine-Month Recovery of ₹5,153 Crores, Maintains Guidance Parameters
Indian Bank achieved nine-month recovery of ₹5,153 crores, tracking well within its guidance range of ₹5,500-6,500 crores. The bank maintained effective asset quality control with slippage ratio at 0.69%, staying within guidance parameters. The performance demonstrates strong recovery mechanisms and disciplined credit risk management during the reporting period.
22Jan 26
Indian Bank Reports 7.4% Growth in Q3 Net Profit to ₹3,060 Crores
Indian Bank has delivered strong Q3 financial results with net profit growing 7.4% year-on-year to ₹3,060 crores from ₹2,850 crores. The improved profitability demonstrates the bank's operational efficiency and effective financial management strategies, reflecting consistent performance and the institution's ability to generate sustainable returns in the current banking environment.
16Jan 26
South Indian Bank Reports Strong Q3FY26 Results with 9.49% Growth in Net Profit
South Indian Bank reported strong Q3FY26 results with total income growing 8.04% YoY to ₹3,003.46 crores and net profit increasing 9.49% to ₹374.32 crores. For nine months, total income reached ₹8,910.57 crores with net profit of ₹1,047.64 crores, up 9.05% from the previous year. The bank's earnings per share improved to ₹1.43 from ₹1.31, while maintaining a strong capital position with net worth of ₹10,597.08 crores.
16Jan 26
South Indian Bank Shares Rise 3.75% After Record Q3 Profit Growth to ₹374 Crores
South Indian Bank delivered exceptional Q3FY26 performance with record net profit of ₹374.32 crores, driving shares up 3.75% to ₹44.05. The bank achieved significant asset quality improvements with gross NPA ratio declining to 2.67% from 4.30% YoY, while maintaining robust business growth across all segments including 26% growth in gold loans and 11% increase in total advances.
15Jan 26
South Indian Bank Reports Record Q3FY26 Net Profit of ₹374.32 Crores, Up 9% YoY
South Indian Bank reported record quarterly net profit of ₹374.32 crores in Q3FY26, up 9% from ₹341.87 crores in Q3FY25. The bank achieved significant asset quality improvements with gross NPA declining to 2.67% from 4.30% and net NPA dropping to 0.45% from 1.25% year-on-year. Business growth remained robust with gross advances rising 11% to ₹96,764 crores and retail deposits increasing 13% to ₹1,15,563 crores, while maintaining a strong capital adequacy ratio of 17.84%.
15Jan 26
South Indian Bank Q3 Results: Stock in Focus After 9% Profit Growth
South Indian Bank reported strong Q3 results with net profit growing 9% to ₹374 crore and net interest income rising 1% to ₹881 crore. The bank showed improved asset quality with gross NPA ratio declining to 2.67% from 2.93% in the previous quarter. Business growth remained robust with gross advances increasing 11.27% YoY to ₹96,765 crore and total deposits growing 12.17% to ₹1.18 lakh crore.
15Jan 26
South Indian Bank Q3FY26 Results: Net Profit Grows 9.5% YoY to ₹37,432 Lakhs
South Indian Bank reported strong Q3FY26 results with net profit growing 9.5% YoY to ₹37,432 lakhs and total income rising 8.0% to ₹3,00,346 lakhs. The bank showed significant asset quality improvement with gross NPA ratio declining to 2.67% from 4.30% and net NPA ratio improving to 0.45% from 1.25%. Nine-month net profit reached ₹1,04,764 lakhs, up 9.0% YoY, while maintaining a strong capital adequacy ratio of 17.84%.
12Jan 26
South Indian Bank Schedules Q3FY26 Earnings Call for January 16, 2026
South Indian Bank has scheduled a Q3FY26 earnings conference call for January 16, 2026 at 4 PM IST to discuss unaudited financial results for the quarter ended December 31, 2025. Senior management including MD & CEO P R Seshadri will lead the call, with ICICI Securities coordinating access through multiple dial-in options and international toll-free numbers. The announcement was filed under SEBI Regulation 30 compliance requirements.
05Jan 26
South Indian Bank Schedules Board Meeting on January 15, 2026 for Q3FY26 Financial Results
South Indian Bank has scheduled its board meeting for January 15, 2026, to approve Q3FY26 financial results, with trading restrictions in place until January 17, 2026. The bank has also filed regulatory compliance under Regulation 57, confirming the timely payment of ₹318.03 crores in debt securities that matured on October 31, 2025, demonstrating strong financial discipline and regulatory adherence.
02Jan 26
Indian Bank Reports Strong Q3 FY26 Growth; Shares Gain 60% in Calendar Year
State-owned Indian Bank delivered robust Q3 FY26 results with total business growing 13.4% to ₹14.30 lakh crore, driven by 14.5% advance growth and 12.5% deposit expansion that exceeded management guidance. The bank's RAM portfolio showed strong 17% growth while Q2 results included 11.5% net profit growth to ₹3,018 crore with reduced provisions.
02Jan 26
South Indian Bank Q3FY26: Advances up 11%, deposits rise 12%; CASA ratio improves
South Indian Bank delivered robust Q3FY26 performance with gross advances growing 11.27% year-on-year to ₹96,765 crores and total deposits rising 12.17% to ₹1.18 lakh crores. The bank's CASA deposits showed strong growth of 14.65% with the CASA ratio improving to 31.84%, reflecting enhanced funding mix stability.
31Dec 25
Five Stocks To Buy Or Sell: Indian Bank, Bank of Baroda, SAIL, JSW Steel And SBI Cards
Market analysts have identified five key trading opportunities for the upcoming session, with strong bullish sentiment on banking and metal sectors. Indian Bank received consensus buy recommendations from two analysts with targets ranging from ₹825.00 to ₹840.00. Bank of Baroda, SAIL, and JSW Steel also attracted buy calls from various research houses. However, SBI Cards was flagged as a sell opportunity with a target of ₹830.00.
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.
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