South Indian Bank Q1 profit jumps 10%

South Indian Bank reported net profit of INR322 crores for Q1 FY26, up 10% from INR294 crores a year earlier. Operating profit surged 32% to INR672 crores.

Total deposits grew 9% to INR112,922 crores while advances rose 8% to INR89,198 crores. Gross NPAs improved significantly, falling 135 basis points to 3.15%, with net NPAs down 76 basis points to 0.68%.

Home loans showed exceptional growth of 66% while auto loans increased 27%. Gold loan business expanded 7% to INR17,446 crores.