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South Indian Bank Limited ( (IN:SOUTHBANK) ) has issued an update.
South Indian Bank reported its highest-ever quarterly net profit of Rs. 374.32 crore for the third quarter of FY 2025-26, a 9% year-on-year increase, with net profit for the nine months ended December 2025 also rising 9% to Rs. 1,047.64 crore. The bank’s operating performance improved, with pre-provisioning operating profit up 10% and non-interest income growing 19% year-on-year, while maintaining positive operating leverage as income growth outpaced operating expense growth. Asset quality strengthened significantly, as gross NPA fell from 4.30% to 2.67%, net NPA dropped from 1.25% to 0.45%, and provision coverage ratios improved, alongside a lower slippage ratio and return on assets remaining above 1%. On the liabilities side, the bank delivered healthy deposit growth, with retail deposits up 13%, NRI deposits up 9%, and CASA balances growing 15% year-on-year, indicating a stronger funding base and supporting its profitable growth trajectory.
More about South Indian Bank Limited
South Indian Bank Limited is a Kerala-headquartered private sector bank, offering a full suite of retail and NRI banking services, along with deposit and lending products, to customers across India and particularly focusing on retail and non-resident Indian (NRI) segments. Listed on major Indian exchanges, the bank operates within the country’s competitive banking industry, emphasizing growth in retail deposits, NRI deposits and low-cost CASA accounts to strengthen its liability franchise and improve profitability metrics.
Average Trading Volume: 3,553,978
Technical Sentiment Signal: Buy
Current Market Cap: 111.1B INR
For a thorough assessment of SOUTHBANK stock, go to TipRanks’ Stock Analysis page.