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South Indian Bank's Profit Surges 9% Amidst Strong Retail Growth
16 Jan
Summary
- Net profit rose 9% year-on-year to Rs 374 crore in Q3 FY26.
- Retail loans, especially gold and vehicle loans, drove gross advances up 11%.
- Asset quality improved with gross NPAs falling to 2.67% and net NPAs below 1%.
South Indian Bank announced a 9% year-on-year rise in its net profit, which stood at Rs 374 crore for the third quarter ending December 2025. This positive performance was substantially boosted by strong non-interest income and a healthy expansion in its retail loan portfolio.
The bank experienced a 11% growth in gross advances, reaching Rs 96,764 crore. This increase was driven by corporate loans and significant momentum in retail segments, particularly gold and vehicle loans, which saw jumps of 26% and 24% respectively. Deposits also expanded robustly, with the retail deposit book growing 13%.
Asset quality saw a marked improvement during the quarter. Gross non-performing assets (NPAs) declined to 2.67% from 4.30% a year ago, while net NPAs fell below 1% to 0.45%. This enhanced asset quality reflects the bank's focused approach on maintaining strong financial health.
