South Indian Bank (SIB) net profit rose 17.4% year-on-year (YoY) to ₹378 crore as asset quality improved and net interest income increased in the quarter ending June 30 2026.
The bank’s net interest income increased 23% YoY to ₹1,025 crore in the reporting quarter. The gross advances increased 17% YoY to ₹1,04,368 crore in the reporting period.
The bank’s gross non-profitable assets, as a share of total advances, reduced to 1.35% in the June quarter of the current fiscal as against about 3.6% in the corresponding period of last year. The net non-performing assets (NPAs) fell to 0.26% from 0.68%, highlighting healthy asset quality.
“During the reporting period, the bank witnessed consistent growth across all targeted segments, with a sharp focus on acquiring quality assets in verticals such as corporate lending, auto loans and gold loans. Aligned with our strategic intent of ‘Profitability through Quality Credit Growth’, we have successfully onboarded new advances with low-risk profiles, ensuring a well-balanced and healthy credit portfolio,” said P R Seshadri, MD & CEO of SIB
Published – July 16, 2026 04:41 pm IST
