South Indian Bank reports record FY26 net profit of ₹1,455 Cr, recommends 45% dividend
South Indian Bank reported a record net profit of ₹1,455 crore for FY26, up 11.69% from FY25. The bank achieved its highest ever business and operating profit. Gross NPA reduced to 1.43%. The Board recommended a 45% dividend, subject to shareholder approval at the AGM.
The record profits, significant growth in advances and deposits, improved asset quality, and dividend recommendation are material events for shareholders and the market.
The announcement highlights record profits, growth in key financial metrics, reduction in NPAs, and a recommended dividend, all indicating strong financial performance.
The South Indian Bank Limited has announced its audited financial results for the quarter and financial year ended March 31, 2026. The bank reported a record net profit of ₹1,455.14 crore for FY 2025-26, marking a growth of 11.69% compared to ₹1,302.88 crore in the previous fiscal year.
The bank achieved its highest ever business at ₹2,23,620 crore, highest ever operating profit of ₹2,373 crore, and highest non-interest income of ₹2,009 crore for FY 2025-26.
Key financial highlights for FY 2025-26 include a significant reduction in Gross NPA to 1.43% from 3.20% and Net NPA to 0.29% from 0.92% year-on-year. The Provision Coverage Ratio (PCR) including write-off increased to 94.10%.
Deposits grew by 14.71% to ₹1,23,346 crore, with retail deposits growing by 14.67% and NRI deposits by 11.92%. Gross advances increased by 14.50% to ₹1,00,274 crore. Specific loan portfolios like Gold Loan, Vehicle Loan, Business Segment, and Mortgage loan also saw substantial growth.
For the quarter ended March 31, 2026, the net profit stood at ₹408 crore, a 19.30% increase year-on-year. Operating profit for the quarter was ₹581 crore.
Mr. P.R. Seshadri, MD & CEO, stated that the bank's strategy focuses on sustained profitability, superior asset quality, a resilient loan book, and a robust retail liability portfolio, leveraging digital technology for business objectives.
The Board of Directors has recommended a dividend of 45%, subject to shareholder approval at the Annual General Meeting (AGM).
The bank also highlighted several awards and accolades received during FY 2025-26, including multiple awards at the IBA Banking Technology Awards and the IBEX BFSI Tech Awards, underscoring its commitment to banking technology and digital prowess.
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See the model portfoliosA plain-language summary of a public exchange filing by The South Indian Bank Limited. Read the original for the full detail.