Thrissur, July 17, 2025 — South Indian Bank reported a 10% year-on-year increase in net profit for the first quarter of FY26, reaching ₹322 crore, up from ₹294 crore in the same period last fiscal. The performance reflects the bank’s continued focus on profitability and asset quality enhancement.
According to its regulatory filing, the bank’s total income rose to ₹2,984 crore, compared to ₹2,736 crore in Q1 FY25. Interest earned stood at ₹2,362 crore, marginally higher than ₹2,314 crore in the corresponding quarter last year. Operating profit surged 32% to ₹672 crore, up from ₹508 crore.
The bank’s asset quality showed marked improvement, with gross non-performing assets (GNPAs) declining to 3.15% of gross advances, down from 4.50% a year ago. Net NPAs also fell significantly to 0.68%, compared to 1.44% in Q1 FY25. The provision coverage ratio, including write-offs, improved to 88.82%, up from 79.22%.
Capital adequacy ratio strengthened to 19.48%, reflecting a robust capital position. Managing Director & CEO P R Seshadri stated that the bank achieved its highest-ever business volume of ₹2.02 lakh crore, driven by growth across corporate lending, auto loans, housing loans, and gold loans.
Despite a 4% decline in net interest income to ₹832 crore, the bank’s strategic emphasis on quality asset acquisition and digital transformation contributed to its resilient performance.
