South Indian Bank net profit up 17.4% on higher net interest income
South Indian Bank reported a 17.4% increase in net profit for the quarter ending June 30, 2026, driven by higher net interest income and improved asset quality. The bank successfully reduced its non-performing assets while focusing on high-quality credit growth.
Why it matters
The bank's financial performance provides insight into the health of the regional banking sector and credit market trends in India.
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.
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