South Indian Bank posts 45% jump in Q1 net profit at Rs 294 crore

Retail deposit of the bank surged by Rs 7,702 crore to Rs 99,745 crore during the quarter, showing an increase of 8.37 percent Y-o-Y

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26 Aug, 2025 12:21

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South Indian Bank on July 18 posted a net profit of Rs 293.9 crore, up 45.07 percent against the Rs 202.58 crore reported in the year-ago period, the company said in an exchange filing.

The June quarter reading was marginally higher by 2.3 percent over Rs the 287.33 crore posted in the March quarter, according to the filing.

The firm’s gross non-performing assets (GNPA) declined by 63 bps to 4.5 percent from 5.13 percent on an annual basis, while the net NPA dropped 41 bps to 1.44 percent from 1.85 percent, according to the filing.

The lender’s net interest income jumped from Rs 807.77 crore to Rs 865.77 crore, recording a growth of 7.18 percent Y-o-Y.

Retail deposit of the bank surged by Rs 7,702 crore to Rs 99,745 crore during the quarter, showing an increase of 8.37 percent Y-o-Y.

PR Seshadri, MD & CEO of the bank, said the strategy adopted by the bank “continues to enable the business performance”.

On July 18, the lender's shares fell 1.01 percent to Rs 26.54 on NSE.