CARE

Shares of South Indian Bank Ltd surged over 10% after board of the lender approved terms of the rights issue announced in December last year. South Indian Bank stock rose 10.45% to Rs 35.95 against the previous close of Rs 32.54 on BSE. The banking stock is trading near its record high of Rs 40.16 reached

South Indian Bank shares surge 10% as board approves terms of rights issue

Federal Bank and South Indian Bankannounced measures on the co-branded credit card citing regulatory guidance received from the Reserve Bank of India (RBI) as per their exchange filings. Federal Bank said it has stopped issuance of new co-branded credit cards, and South Indian Bank said it shall not on-board any fresh customers in co-branded credit cards until the bank fully complies with the regulatory guidelines issued in this regard.

Federal Bank, South Indian Bank announce measures on co-branded credit cards

South Indian Bank Ltd has posted a net profit Rs 322 crore for the quarter ending June 2025, reflecting a 10% increase compared to Rs 294 crore in the same period last year. Profit rose despite a 4% fall in net interest income (NII), which decreased to Rs 832 crore from Rs 865 crore year-on-year. This improvement in asset quality is a testament to the bank's enhanced credit discipline and more effective loan recoveries during the quarter. The reduction in non-performing assets highlights improved credit discipline and better loan recoveries during the quarter. The performance comes amid a challenging environment, yet showcases the bank's resilience and capacity to manage asset quality effectively. Investors have responded positively to these results, as they indicate a stable financial trajectory.

South Indian Bank's Q1 net profit rises 10% amid NII fall

SIB’s 98% exposure to ‘A’ and above-rated corporates keeps yields low. It aims to boost margins by increasing retail loans (home, gold, CV/equipment), though meaningful impact may take a few years.


The Issuer has made timely Interest payments

Mr. P R Seshadri. MD & CEO

SIB has a strong base in South India, with Kerala contributing 30% of advances and 62% of deposits (1QFY26). Its loan mix is corporate (41.6%), retail (27.2%), agri (17%), and MSME (14.2%). Growth since 3QFY21 is led by agri gold and corporate loans (now 55.7% of the book)


SIB’s deposit base is 96.8% retail with low reliance on bulk deposits. CASA stood at 32.06% in 1QFY26. NRI deposits formed 28.6%, with ~10% share in Kerala’s remittance market. Top 20 depositors contribute just 2.7%, reducing concentration risk.


Slippages dropped to 0.9% in 1QFY26, with 88% of NPAs from the old book. The new book shows lower SMA and delinquencies.  Provision coverage rose to 78.9%, and net stressed assets to advances dropped to 1.1%. Strong provisioning and resolution efforts, especially in MSME, support stable credit costs and healthy profitability.


Rating agency	Rating	Needle position
CARE	A+ Stable	between Medium and High Safety
IND	A+ Stable	between Medium and High Safety

Security Name: 11.75% The South Indian Bank Limited 26 Jun 2029

ISIN: INE683A08044

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