South Indian Bank witnessed a sharp decline of over 2% in its share price following the release of its Q2 FY26 results. As of 2:04 PM, the shares were trading 2.53% lower at Rs 32.00.
The bank reported a net profit of ₹351 crore for the quarter, marking an 8.2% year-on-year (YoY) increase from ₹325 crore in Q2 FY25.
However, the bank’s net interest income (NII) fell 8.3% YoY to ₹809 crore, down from ₹882.3 crore in the same period last year. On the asset quality front, South Indian Bank showed improvement, with gross non-performing assets (GNPA) easing to 2.93% from 3.15% quarter-on-quarter (QoQ), while net NPA declined to 0.56% from 0.68% QoQ.
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