South Indian Bank records highest-ever quarterly net profit of ₹426.13 crore

South Indian Bank’s operating profit rose to ₹732 crore, up 37% on a y-o-y basis, while net interest margin improved from 2.8% to 3.33% on a y-o-y basis. | Photo Credit: REUTERS South Indian Bank (SIB) Ltd. recorded a net profit of ₹426.13 crore in the July-September quarter, up by 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 growth of 37.95% on a year-on-year (y-o-y) basis. Its operating profit rose to ₹732 crore, up 37% on a y-o-y basis, while net interest margin improved from 2.8% to 3.33% on a y-o-y basis.Retail deposit of the bank grew by ₹16,728 crore from ₹1,12,625 Cr. to ₹1,29,353 crore, showing an increase of 14.85 % on a y-o-y basis. The NRI deposit increased by ₹5,008 crore, rising 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 continues to centre around sustained profitability, superior asset quality, a resilient loan book, and a robust retail liability portfolio. We are sharpening our organisational 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 on boarded new advances with low-risk profiles, ensuring a well-balanced and healthy credit portfolio,” said Mahesh Muralidhar Pai, MD & CEO of the Bank. Published - October 16, 2026 08:43 pm IST