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The South Indian Bank Ltd. declared Net Profit of Rs. 426.13 Cr. for Q2 FY 2026-27 registering a growth of 21.28 % compared to Rs. 351.37 Cr. in Q2 FY 2025-26.
Key Highlights of Q2 FY 2026-27
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Gross advances grew by Rs. 17,231 Cr. from Rs. 92,286 to Rs. 109,517 Cr., showing an increase of 18.67 % on Y-o-Y basis
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Corporate Segment grew by Rs. 6,156 Cr. from Rs. 37,008 Cr. to Rs. 43,164 Cr. showing an increase of 16.63% on Y-o-Y basis
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99.10% of Large Corporate Segments are rated A & Above
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Gold Loan portfolio grew by Rs. 7,758 Cr. from Rs. 18,845 Cr. to Rs. 26,603 Cr. showing an increase of 41.17 % on Y-o-Y basis
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Business Segment grew by Rs. 2,066 Cr. from Rs. 13,424 Cr. to Rs. 15,490 Cr. registering a growth of 15.39 % on Y-o-Y basis
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Mortgage loan grew by Rs. 1,215 Cr. from Rs. 3,929 Cr. to Rs. 5,144 Cr. showing an increase of 30.92 % on Y-o-Y basis
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Vehicle Loan Segment went up by Rs. 360 Cr. from Rs. 2,288 Cr. to Rs. 2,648 Cr., showing an increase of 15.73 % on Y-o-Y basis
Y-o-Y growth Rs. in Crore
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Quarter Ended
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Quarter Ended
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30-09-2026
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30-09-2025
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Growth
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%
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Gross Advance
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1,09,517
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92,286
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17,231
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19%
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Retail Deposits
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1,29,353
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1,12,625
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16,728
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15%
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NRI Deposit
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38,203
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33,195
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5,008
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15%
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Current Deposits
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9,242
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7,044
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2,198
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31%
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Savings Deposits
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34,068
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29,797
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4,272
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14%
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CASA
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43,310
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36,841
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6,469
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18%
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CASA %
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31.55%
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31.86%
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(31 bps)
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Gross NPA %
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1.24%
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2.93%
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(169 bps)
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Net NPA %
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0.09%
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0.56%
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(47 bps)
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Net Interest Income
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1,116
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809
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307
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38%
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Other income
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468
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516
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(48)
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(9%)
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Operating Profit
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732
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536
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196
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37%
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Provisions excl tax
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159
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63
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96
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151%
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Profit before tax
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573
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472
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101
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21%
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Net Profit after tax
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426
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351
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75
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21%
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Statement by Mr. Mahesh Muralidhar Pai, MD & CEO of the Bank:
“While announcing the financial results, I am pleased to share that our strategy continues to centre around sustained profitability, superior asset quality, a resilient loan book, and a robust retail liability portfolio. We are sharpening our organizational structure and leveraging digital technology to effectively achieve our business objectives.
During the reporting period, the Bank witnessed consistent growth across all targeted segments, with a sharp focus on acquiring quality assets in verticals such as Corporate Lending, MSME Loans, Housing Loans, Auto Loans and Gold Loans. Focus on liability continues with thrust on active customer engagement and quality acquisition.
Aligned with our strategic intent of ‘Profitability through Quality Credit Growth’, we have successfully onboarded new advances with low-risk profiles, ensuring a well-balanced and healthy credit portfolio.”
The Bank’s financial results include the financial results of its wholly owned subsidiary SIBOSL.
