The South Indian Bank Limited has informed the Exchange about Transcript of Conference Call
SOUTHBANK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
South Indian Bank reported its highest ever annual net profit of INR1,455 crores for FY26, up 12% YoY. Total deposits grew 15% to INR1,23,346 crores and gross advances rose 14.5% to INR1,00,274 crores. Asset quality improved significantly with gross NPA reducing by 177 basis points to 1.43% and net NPA at 0.29%. The bank completed a technical write-off of INR1,163 crores (fully provided, no P&L impact). Gold loan book grew 46% to INR24,729 crores. NIM for the year was 2.91%. Management confirmed the CEO succession search is underway with his term ending September 30. The bank aims to grow advances 15-16% in FY27 and reduce corporate book from 38% to about 33% of total balance sheet.
Strong operational performance with clean balance sheet and improving margins. Succession uncertainty and expected credit cost increase from trough levels may create near-term volatility. Management guidance on NIM improvement and asset mix shift is positive for long-term profitability.