Kochi, Jan 15 (.) South Indian Bank has announced its highest-ever quarterly net profit of Rs 374.32 crore for the third quarter of FY 2025–26, marking a 9 per cent increase from Rs 341.87 crore reported in the corresponding quarter of the previous financial year.
For the nine-month period ended December 2025, the bank’s net profit rose by 9 per cent to Rs 1,047.64 crore, compared to Rs 960.69 crore in the same period last year, a release said.
Pre-provisioning operating profit for the quarter improved by 10 per cent to Rs 584.33 crore from Rs 528.84 crore a year ago.
Non-interest income registered a strong growth of 19 per cent year-on-year, rising to Rs 485.93 crore from Rs 409.22 crore. The bank continued to demonstrate positive operating leverage during the nine-month period, with net total income growing by 7.44 per cent against a 3.61 per cent rise in operating expenses.
Asset quality showed significant improvement, with Gross NPA declining by 163 basis points year-on-year to 2.67 per cent, while Net NPA dropped by 80 basis points to 0.45 per cent.
The provision coverage ratio, excluding write-offs, increased to 83.50 per cent from 71.73 per cent, and including write-offs rose to 91.57 per cent from 81.07 per cent.
Return on Assets remained above 1 per cent, and the slippage ratio reduced to 0.16 per cent from 0.33 per cent in Q3 FY25.
On the deposits front, retail deposits grew by Rs 13,142 crore to Rs 1,15,563 crore, recording a 13 per cent year-on-year increase. NRI deposits rose by 9 per cent to Rs 33,965 crore.
CASA deposits grew by 15 per cent, supported by a 14 per cent rise in savings deposits and a 20 per cent increase in current account deposits.
Gross advances increased by 11 per cent year-on-year to Rs 96,764 crore. Corporate advances rose by 10 per cent to Rs 38,353 crore, while ‘A’ and above-rated corporate advances increased to Rs 24,628 crore.
The business banking segment, including micro loans, grew by 12 per cent, and the gold loan portfolio surged by 26 per cent to Rs 21,303 crore. Vehicle loans registered a 24 per cent year-on-year growth.
Announcing the results, Managing Director and CEO P R Seshadri said the bank’s well-defined strategy continued to drive strong performance, with balanced growth across corporate, MSME, housing, auto and gold loan segments, while maintaining asset quality.
He added that the focus on quality credit growth and prudent risk management reflects the bank’s commitment to sustainable profitability and long-term value creation.
The bank’s Capital Adequacy Ratio stood at 17.84 per cent as of December 2025, highlighting a strong capital position. The results include the financial performance of its wholly owned subsidiary, SIB Operations and Services Ltd.
South Indian Bank is a leading Kerala-based private sector bank with a nationwide presence. Its shares are listed on the BSE and NSE.
The bank operates 948 branches, two ultra-small branches, three satellite branches, 1,143 ATMs and 126 cash recycler machines across India, along with a representative office in Dubai.
. DS SAS .