South Indian Bank has reported its highest-ever annual net profit of ₹1,455 crore for the financial year 2025-26, reflecting an 11.69% growth over the previous year. The bank achieved record business volumes of ₹2,23,620 crore, driven by strong growth across retail, NRI, and corporate segments. Following these robust results, the Board of Directors has recommended a 45% dividend for shareholders, subject to approval at the upcoming Annual General Meeting.
Financial Performance Highlights
For the financial year ended March 31, 2026, South Indian Bank demonstrated strong financial discipline and growth. In addition to the record net profit of ₹1,455 crore, the bank achieved a landmark operating profit of ₹2,373 crore, an increase of 4.55% year-on-year. Furthermore, non-interest income reached a historic high of ₹2,009 crore.
Asset Quality and Portfolio Growth
The bank successfully enhanced its asset quality, with the Gross Non-Performing Asset (GNPA) ratio dropping significantly by 177 basis points to 1.43%. Similarly, Net NPA improved to 0.29%. This strengthening of the balance sheet was supported by healthy portfolio expansion, including a 14.50% growth in gross advances, which reached ₹1,00,274 crore, and a 14.71% rise in total deposits to ₹1,23,346 crore.
Strategic Sector Expansion
Growth was witnessed across multiple high-value segments. Notably, the Gold Loan portfolio grew by 45.62% to reach ₹24,729 crore, while Mortgage loans saw a sharp increase of 42.50%. The retail segment also remained a strong pillar, with Retail Deposits growing by 14.67% to ₹1,20,116 crore. These figures underscore the bank’s commitment to ‘Profitability through Quality Credit Growth’ and its focus on onboarding low-risk, high-quality assets.
Technology and Recognition
The bank’s digital initiatives were widely recognized throughout the year, earning six awards at the IBA Banking Technology Awards, including Best Tech Talent & Organization. These accolades highlight the bank’s ongoing efforts to leverage digital technology to sharpen its organizational efficiency and provide modern banking services to its nationwide customer base.
Source: BSE
