The South Indian Bank (SIB) is celebrating a significant milestone, reporting its highest-ever quarterly net profit of ₹351.36 crore for the second quarter of the 2025-26 financial year. This represents an impressive 8% increase compared to the ₹324.69 crore recorded during the same period in the previous fiscal year.
The bank’s financial health has shown remarkable improvement across key metrics. Its Gross Non-Performing Assets (NPAs) saw a substantial reduction of 147 basis points (bps) year-on-year, decreasing from 4.40% to a much healthier 2.93%. Furthermore, the Net NPA witnessed a sharp decline of 75 bps, settling at just 0.56% from 1.31%. Adding to this positive outlook, the non-interest income experienced robust growth, climbing by 26% from ₹410.12 crore to ₹515.73 crore, as detailed in a recent press release.
P.R. Seshadri, the managing director and Chief Executive Officer of SIB, emphasized that the bank’s strategic initiatives have been crucial to its robust performance. He highlighted healthy growth across diverse segments, including corporate, MSME (Micro, Small, and Medium Enterprises), housing, auto, and gold loans. This expansion was carefully managed with a consistent focus on maintaining superior asset quality. Seshadri affirmed that this disciplined approach underscores the bank’s unwavering dedication to achieving sustainable growth, implementing sound risk management, and consistently creating value for all its stakeholders.
Reinforcing its strong financial foundation, the bank’s Capital Adequacy Ratio stood impressively at 17.70% in September 2025. This ratio not only signifies a robust capital position but also highlights SIB’s effective capital management strategies and its strong capacity to fuel future business expansion, according to the official statement.