South Indian Bank posts record quarterly net profit, improves asset quality

South Indian Bank announced a record quarterly net profit of ₹351.36 Crore for Q2 FY2025-26, an 8% increase from ₹324.69 Crore in Q2 FY2024-25. The bank also saw substantial improvements in asset quality, with Gross NPA reducing by 147 bps to 2.93% and Net NPA dropping by 75 bps to 0.56% year-on-year.

Deposits grew by 11% year-on-year, with retail deposits increasing by ₹10,973 Crore to ₹1,12,625 Crore. NRI deposits rose by 9% to ₹33,195 Crore, and CASA grew by 10%. Gross advances increased by 9% to ₹92,286 Crore, driven by strong growth across corporate, MSME, housing, auto, and gold loans. Non-interest income also surged by 26% to ₹515.73 Crore.

The financial results were reviewed and approved by the Board of Directors on October 16, 2025. The bank’s Capital Adequacy Ratio stood strong at 17.70% in September 2025.