THE SOUTH INDIAN BANK LTD

The South Indian Bank Limited reported a net profit of INR 378 crores for Q1 FY27, reflecting a 17% increase from INR 322 crores in Q1 FY26. Total deposits rose by 11% year-on-year to INR 125,817 crores, with retail deposits growing by 14% to INR 124,306 crores. Gross advances increased by 17% to INR 104,368 crores. The bank's net interest margin (NIM) improved to 3.23%, up 28 basis points sequentially and 20 basis points year-on-year. The capital adequacy ratio stood at 19.62%, with a Tier 1 ratio of 18.93%. Gross non-performing assets (NPA) decreased to 1.38%, while net NPA fell to 0.26%. Management highlighted a focus on MSME loans, which grew to INR 14,391 crores, and a significant 43% increase in gold loans. The conference call also marked the last for Managing Director P.R. Seshadri, who expressed gratitude for the support received during his tenure.

Management highlighted strong financial performance and growth across key metrics.