The South Indian Bank Limited has informed the Exchange regarding a press release dated May 06, 2026, titled "Press release on Audited Financial Results (Standalone and Consolidated) for the quarter/financial year ended 31st March, 2026.".
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South Indian Bank reported its highest ever net profit of Rs. 1,455 Crore for FY 2025-26, up 11.69% from Rs. 1,303 Crore in the previous year. Total business reached Rs. 2,23,620 Crore, the highest in the bank's history. The bank showed significant improvement in asset quality with gross NPA dropping sharply to 1.43% from 3.20% (177 bps improvement) and net NPA reduced to 0.29% from 0.92%. Provision coverage ratio improved substantially to 94.10% from 85.03%. Gross advances grew 14.50% to Rs. 1,00,274 Crore with gold loans surging 45.62% to Rs. 24,729 Crore. The board recommended a 45% dividend. However, net interest income declined 1.41% to Rs. 3,437 Crore while other income rose 10.81%.
Strong profitability and improved asset quality are positive signals for shareholders. The sharp drop in NPAs and high provision coverage indicate a healthier loan book, while the recommended dividend provides direct returns. The decline in NII may raise concerns about net interest margins.