South Indian Bank Q1 Results are out now, and the company reported a 10% rise in Net profit. South Indian Bank reported a net profit of 322 Crores in Q1 FY26, which is almost 10% higher than last year’s 294 Crores. Although South Indian Bank’s Net profit declined by almost 7% compared to the previous quarter. In Q4 FY25, the Company reported 342 Crores of Net Profit.
In Q1 FY26, South Indian Bank’s total income stood at 2984.13 crores, which is quite higher than last year’s quarter of 2735.96 crores.
There is a huge improvement in South Indian Bank’s Net NPA. Bank’s Net NPA stood at 0.68% in Q1 FY26, which shows great improvement compared to last year’s 1.44%.
South Indian Bank Retail Deposit grew by Rs. 99,745 Crore to Rs. 1,09,368 Crore Y-o-Y, which is showing an increase of 9.65% on a Y-o-Y basis. Bank’s NRI Deposit grew by Rs. 30,103 Crore to Rs. 32,293 Crore Y-o-Y, which is showing an increase of 7.27% on a Y-o-Y basis.
South Indian Bank’s Gross advances grew by Rs. 82,580 Crore to Rs. 89,198 Crore, which is showing an increase of 8% on a Y-o-Y basis. Bank’s Gold Loan portfolio grew by Rs. 16,317 Crore to Rs. 17,446 Crore, showing an increase of 7% on a Y-o-Y basis.
South Indian Bank shows a huge jump in the Housing Loan Segment. Bank’s Housing Loan grew by Rs. 5,138 Crore to Rs. 8,518 Crore, which is showing a growth of 66%. Bank’s Vehicle Loan grew by 27% Y-o-Y from Rs. 1,741 Crore to Rs. 2,217 Crore.