The South Indian Bank Limited — Investor Meet, 20-01-2026: Analysts/Institutional Investor Meet/Con. Call Updates

South Indian Bank reported a Q3 net profit of Rs.374 crores, up 9% YoY. Total deposits grew 12% to Rs.118,211 crores, and advances rose 11.3% to Rs.96,764 crores (12.4% adjusted for write-off). NIM improved to 2.86%. Asset quality saw significant improvement, with Gross NPA at 2.67% and Net NPA at 0.45%.

Management remains confident on exceeding 12% loan growth, aiming to shift the mix towards high-yield retail, MSME, and gold loans, which grew 23% and 26% respectively, to boost profitability. Efforts in digital underwriting and staff training are driving MSME growth. Slippages from the new book are mainly from credit cards and portfolio buyouts. The bank is cautiously expanding, balancing growth with deposit costs to maintain NIMs.