South Indian Bank achieves highest ever net profit of Rs 1,455 crore for FY 25-26

Arunika Jain — Wed, 06 May 2026 10:53:06 +0000

South Indian Bank has reported a record net profit of ₹1,455.14 crore for the financial year 2025-26, marking an 11.69% increase from the previous year’s ₹1,302.88 crore. This achievement underscores the bank’s robust financial performance, with several key metrics reaching all-time highs.

The bank’s total business reached ₹2,23,620 crore, the highest in its history, alongside a record operating profit of ₹2,373 crore. Non-interest income also hit a new peak at ₹2,009 crore. The bank’s Provision Coverage Ratio (PCR), including write-offs, improved significantly by 907 basis points to 94.10% year-on-year, while the Gross Non-Performing Assets (GNPA) ratio decreased by 177 basis points to 1.43%.

On the deposits front, retail deposits surged by ₹15,366 crore to ₹1,20,116 crore, a 14.67% year-on-year increase. NRI deposits grew by 11.92% to ₹35,371 crore, and savings bank deposits increased by 17.24% to ₹32,475 crore. Advances also saw substantial growth, with gross advances rising by ₹12,695 crore to ₹1,00,274 crore, reflecting a 14.50% increase.

The bank’s corporate segment experienced a 6.83% growth, with advances increasing by ₹2,472 crore to ₹38,670 crore. The gold loan portfolio expanded significantly by 45.62% to ₹24,729 crore, while vehicle loans grew by 21.39% to ₹2,412 crore. Mortgage loans saw a 42.50% increase, reaching ₹5,435 crore.

In addition to financial achievements, South Indian Bank received multiple accolades, including six awards at the IBA Banking Technology Awards, highlighting its advancements in technology and digital banking. The bank also earned a silver award in the AI Vanguard category at the IBEX BFSI Tech Awards.

Managing Director and CEO, Mr. P.R. Seshadri, emphasised the bank’s focus on sustained profitability and superior asset quality, leveraging digital technology to achieve business objectives. The bank’s strategy of ‘Profitability through Quality Credit Growth’ has been pivotal in maintaining a healthy credit portfolio.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

P.R. Seshadri | Business Upturn

South Indian Bank achieves highest ever net profit of Rs 1,455 crore for FY 25-26