South Indian Bank Q1 Profit Rises 17% to Rs 378 Cr

New Delhi, Jul 15 (PTI) South Indian Bank on Thursday posted a 17 per cent rise in net profit to Rs 378 crore in the first quarter of this financial year.

The private sector lender had earned a net profit of Rs 322 crore in the same quarter of the previous fiscal year.

The total income rose to Rs 3,007 crore during the June 2026 quarter from Rs 2,984 crore in the same period of FY26, South Indian Bank said in a regulatory filing.

During the quarter, interest earned by the bank improved to Rs 2,628 crore compared to Rs 2,362 crore in the June quarter of FY26.


The bank's operating profit also increased to Rs 592 crore from Rs 672 crore in the year-ago period.

The bank's asset quality witnessed improvement with gross non-performing assets (NPAs) moderating to 1.38 per cent of gross advances at the end of the June quarter, from 3.15 per cent a year ago.

Similarly, net NPAs, or bad loans, declined to 0.26 per cent against 0.68 per cent in the year-ago period.

Provisions and contingencies declined significantly to Rs 84 crore from Rs 239 crore at the end of June 2025.

During the quarter, the capital adequacy ratio of the bank got better to 19.62 per cent from 19.48 per cent at the end of the first quarter of FY26.