South Indian Bank Q1 profit rises 10% to Rs 322 cr

New Delhi: South Indian Bank on Thursday reported a 10 per cent rise in profit to Rs 322 crore during the first quarter.

The Kerala-based bank had a net profit of Rs 294 crore in the same quarter of previous fiscal year.

The total income rose to Rs 2,984 crore during the June quarter of 2025-26, from Rs 2,736 crore in the same of FY25, South Indian Bank said in a regulatory filing.

Interest earned by the bank grew to Rs 2,362 crore as compared to Rs 2,314 crore in June quarter FY25.

During the period, operating profit of the bank rose to Rs 672 crore as compared to Rs 508 crore in the same quarter a year ago.

The bank's asset quality showed improvement as gross non-performing assets (NPAs) declined to 3.15 per cent of gross advances at the end of the June quarter from 4.50 per cent a year ago.

Similarly, net NPAs, or bad loans, declined to 0.68 per cent as against 1.44 per cent in the year-ago period.

Capital adequacy ratio of the bank rose to 19.48 per cent from 18.11 per cent in the same quarter of FY25.