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South Indian Bank Sets History Yet Again with a Record Net Profit of Rs. 1303 Crore and recommends Dividend of 40%

While declaring the results Mr. P R Seshadri, MD & CEO stated that, the Bank achieved its highest ever performance in the following areas:

  • Highest ever business of Rs. 1,95,104.12 Cr in the history of the Bank
  • Highest ever net profit of Rs. 1,302.88 Cr in the history of the Bank
  • Highest ever operating profit of Rs. 2,270.08 Cr in the history of the Bank
  • Highest ever other income of Rs. 1,813.43 Cr in the history of the Bank
  • Highest ever net interest income of Rs. 3,485.64 Cr in the history of the Bank
  • Highest ever Provision Coverage Ratio (including write off) of 85.03%
  • Highest Return on Assets of 1.05% in the last 20 years
  • Highest Return on Equity of 12.90% in the last 11 years
  • Reduced Net NPA of less than 1%.

Key Highlights

  • Operating profit of the year increased by 21.55% from Rs. 1,867.67 Cr in FY 24 to Rs. 2,270.08 Cr in FY 25
  • GNPA is down by 130 bps from 4.50% to 3.20 % on Y-o-Y basis
  • NNPA decreased by 54 bps from 1.46% to 0.92% on Y-o-Y basis
  • PCR including write off increased by 593 bps from 79.10% to 85.03% Y-o-Y basis
  • PCR excl. write off increased by 310 bps from 68.66% to 71.77% Y-o-Y basis
  • The Board of Directors had recommended 40% dividend subject to approval of the Share Holders in AGM
  • Deposits
  • Retail Deposit grew by Rs 7,007 Cr from Rs 97,743 Crore to Rs 1,04,749.60 Cr Y-o-Y showing an increase of 7.17% on Y-o-Y basis
  • NRI Deposit grew by Rs 1,906 Cr from Rs 29,697 Cr to Rs 31,603 Cr Y-o-Y showing an increase of 6.42% on Y-o-Y basis
  • Savings Bank grew by 4.06% Y-o-Y from Rs 26,618 Cr to Rs 27,699.31 Cr
  • Advances
  • Gross advances grew by Rs 7,153 Cr from Rs. 80,426 Cr to Rs 87,578.52 Cr showing an increase of 8.89% on Y-o-Y basis
  • Corporate Segment grew by Rs 4,114 Cr from Rs. 32,084 Cr to Rs. 36,198 Cr showing an increase of 12.82% on Y-o-Y basis, in well rated borrower accounts
  • Share of A and above rated accounts in large corporate segments stood at 99.70%
  • Gold Loan portfolio grew by Rs 1,469 Cr from Rs 15,513 Cr to Rs 16,982 Cr showing an increase of 9.47% on Y-o-Y basis
  • Housing Loan grew by Rs. 2,794 Cr from Rs. 5,083 Cr to 7,877 Cr registering a growth of 54.97%
  • Vehicle Loan grew by 24.32% Y-o-Y from Rs. 1,599 Cr to Rs. 1,987 Cr

Y-o-Y growth Rs. in Crore

  Year ended Year ended    
31-03-2025 31-03-2024 Growth %
Gross Advance 87,578.52 80,426 7,153 8.89%
Retail Deposits 1,04,749.60 97,743 7,007 7.17%
NRI Deposit 31,602.84 29,697 1,906 6.42%
Current Deposits 6,030.41 6,075 -45 -0.73%
Savings Deposits 27,699.31 26,618 1,081 4.06%
CASA 33,729.72 32,693 1,037 3.17%
CASA % 31.37% 32.08% -0.71%
Gross NPA % 3.20% 4.50% -130bps  
Net NPA % 0.92% 1.46% -54bps  
Net Interest Income 3,485.64 3,332.06 154 4.61%
Other income 1,813.43 1,515.52 298 19.66%
Operating Profit 2,270.08 1,867.67 402.41 21.55%
Provisions excluding tax 513.19 338.92 174 51.42%
Profit before tax 1,756.89 1,528.75 228 14.92%
Net Profit after tax 1,302.88 1,070.08 233 21.75%
Bulk Deposit 2,776.00 4,177 -1,401 -33.54%
Total Deposit 1,07,525.60 1,01,920 5,606 5.50%

   

Quarter ended

   
31-03-2025 31-03-2024 Growth %
Net Interest Income 868.32 874.67 -6 -0.73%
Other income 572.37 346.03 226 65.41%
Operating Profit 683.31 433.54 250 57.61%
Provisions excluding tax 224.20 40.62 184 451.94%
Profit before tax 459.12 392.92 66 16.85%
Net Profit after tax 342.19 287.56 55 18.99%

Mr. P R Seshadri, MD & CEO of the Bank, stated that,“While announcing the financial results, I am pleased to share that our strategy continues to center around sustainedprofitability, superiorasset quality, aresilient loan book, and arobust retail liability portfolio. We are sharpening ourorganizational structureand leveragingdigital technologyto effectively achieve our business objectives.

During the reporting period, the Bank witnessed consistent growth across all targeted segments, with a sharp focus on acquiringquality assetsin verticals such asCorporate Lending,Auto Loans,Housing Loans, andGold Loans.

Aligned with our strategic intent of‘Profitability through Quality Credit Growth’, we have successfully on-boardednew advanceswithlow-risk profiles, ensuring a well-balanced and healthy credit portfolio.”

The Bankֱ financial results include the financial results of its wholly owned subsidiary SIBOSL

Major Awards and Accolades won by the Bank in FY25

South Indian Bank has once again secured five remarkable awards at theIBA Banking Technology Awardsthis year.

The awards include:

  1. Best Tech Talent & Organisation (Winner)
  2. Best Financial Inclusion (Runner up)
  3. Best Digital Sales, Payments & Engagement (Special Mention)
  4. Best IT Risk Management (Special Mention)
  5. Best Fintech & DPI Adoption (Special Mention)

Securing these awards consistently underscores the Bank’s commitment to advancing in banking technology and highlights the digital prowess developed by South Indian Bank.

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