SIB registers highest-ever quarterly net profit of ₹351 crore

The South Indian Bank (SIB) has declared its highest-ever quarterly net profit of ₹351.36 crore the second quarter of the 2025-26 financial year, a growth of 8% compared to the ₹324.69 crore registered in the second quarter of the previous fiscal.

Gross non-performing assets (NPA) reduced by 147 basis points (bps) from 4.40% to 2.93% on year-on-year (Y-o-Y) basis. The net NPA dropped by 75 bps from 1.31% to 0.56%. The non-interest income increased from ₹410.12 crore to ₹515.73 crore, registering a growth of 26%, according to a press release.

While announcing the financial results, P.R. Seshadri, managing director and Chief Executive Officer, said the bank’s strategy continued to underpin its strong business performance during the period. The bank recorded healthy growth across all major segments, including corporate, MSME, housing, auto and gold loans, with a steadfast focus on maintaining asset quality. He said that in line with the bank’s strategic intent of achieving profitability through quality credit growth, it successfully onboarded fresh advances with a low-risk profile. This approach, he said, reflected the bank’s continued commitment to sustainable growth, prudent risk management and value creation for all stakeholders.

The bank’s Capital Adequacy Ratio stood at 17.70% in September 2025, indicating a strong capital position, underscoring its sound capital management practices and capacity to support future business growth, the press release added.