South Indian Bank has announced a net profit of Rs. 321.95 crore for the quarter ended 30 June 2025, marking a growth of 9.46 per cent over the Rs. 294.13 crore reported in the same quarter last year.
The Kerala-based private sector lender also achieved its highest-ever business milestone, with total business, comprising advances and deposits, surging to Rs. 2,02,119 crores in Q1 FY2025-26.
The bank’s operating profit jumped by 32.41 per cent to Rs. 672.20 crore, up from Rs. 507.68 crore a year earlier, driven by strong growth in both interest and non-interest income. Net interest income remained robust, while other income rose by 47.47 per cent to Rs. 622 crores, reflecting enhanced fee-based revenues.
South Indian Bank’s asset quality continued to strengthen, with gross non-performing assets declining by 135 basis points year-on-year to 3.15 per cent and net non-performing assets dropping to 0.68 per cent. The bank’s provision coverage ratio, including write-offs, improved to 88.82 per cent, underscoring its conservative provisioning approach.
On the liability side, retail deposits grew by 9.65 per cent to Rs. 1,09,368 crores, while CASA balances rose by 9.06 per cent to Rs. 36,204 crores, supporting a stable low-cost deposit franchise. Advances expanded by 8 per cent year-on-year to Rs. 89,198 crores, led by strong growth in personal loans, housing finance, and gold loans.
Commenting on the results, P.R. Seshadri, MD & CEO, South Indian Bank said, “The bank’s strategy of ‘Profitability through Quality Credit Growth’ has been the cornerstone of sustained performance, driven by digital initiatives and a focus on high-quality assets. With a capital adequacy ratio of 19.48 per cent as of 30 June 2025, South Indian Bank remains well-positioned to capitalize on emerging opportunities in the Indian banking sector.”
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