South Indian Bank posts highest ever quarterly net profit at ₹ 426.13 crore

South Indian Bank’s operating profit rose to ₹732 crore, up 37% year-on-year, while net interest margin improved from 2.8% to 3.33% year-on-year. | Photo credit: REUTERS

South Indian Bank (SIB) Ltd. reported a net profit of ₹ 426.13 crore for the July-September quarter, up 21.28% from ₹ 351.37 crore in the corresponding period of FY 2025-26.

The bank recorded its highest ever net interest income of ₹ 1,116 crore with a year-on-year growth of 37.95%. Its operating profit rose to ₹732 crore, up 37% year-on-year, while net interest margin improved from 2.8% to 3.33% year-on-year.

The bank’s retail deposit grew by ₹ 16,728 crore from ₹ 1,12,625 crore. to ₹ 1,29,353 trillion, a year-on-year increase of 14.85%. NRI deposit increased by ₹ 5,008 crore, from ₹ 33,195 crore to ₹ 38,203 crore, reflecting a year-on-year growth of 15.09%.

“While announcing the financial results, I am pleased to share that our strategy remains focused on sustainable profitability, excellent asset quality, resilient loan portfolio and robust retail commitment portfolio. We are improving our organizational structure and leveraging digital technologies to effectively achieve our business objectives. During the reporting period, the bank witnessed consistent growth across all target segments, with a sharp focus on acquiring quality MSME assets, e.g. loans, car loans and gold loans Focus on responsibility continues with emphasis on active customer engagement and quality acquisition In line with our strategic intent of ‘Profitability through growth in loan quality’, we have successfully embarked on new developments with low risk profiles that ensure a well-balanced and healthy loan portfolio,” said Mahesh Muralidhar Pai, MD and CEO of the bank.

Published – 16 Oct 2026 20:43 IST