The South Indian Bank Limited has informed the Exchange that Board of Directors at its meeting held on May 06, 2026, recommended Final Dividend of Rs. 0.45 per equity share.
SOUTHBANK · price
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On the reaction day the stock moved 2.7 pts more than Nifty Microcap 250 and 2.3 pts more than its Private Sector Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The South Indian Bank's Board of Directors approved the audited standalone and consolidated financial results for FY ended March 31, 2026. The bank reported a net profit of Rs. 19,560.4 lakhs for the year. The auditors gave an unmodified (clean) opinion on the financial statements. The Board recommended a final dividend of Rs. 0.45 per equity share (45%) for FY2025-26, up from Rs. 0.40 per share (40%) in the previous year. The total dividend outflow will be Rs. 1,117.79 lakhs, subject to shareholder approval at the AGM. Deposits grew to Rs. 1,23,346.22 lakhs from Rs. 1,07,525.60 lakhs in the prior year. The bank also issued 12,66,613 shares during the year under its employee stock option scheme.
The dividend increase of 12.5% (from Rs. 0.40 to Rs. 0.45) signals improved profitability and financial health, which is positive for shareholders. The clean audit opinion and deposit growth indicate a stable operating performance, generally supportive of the stock.