South Indian Bank (SIB) declared a net profit of ₹321.95 crore for the first quarter of the financial year 2025-26, registering a growth of 9.46% compared to ₹294.13 crore in the first quarter of the financial year 2024-25.
The bank achieved its best performance in several areas, including highest ever business of ₹2,02,119 crore, highest ever provision coverage ratio (including write off) of 88.82% and reduced Net NPA to 0.68%, said P.R. Seshadri, managing director and CEO.
“While announcing the financial results, I am pleased to share that our strategy continues to centre around sustained profitability, superior asset quality, a resilient loan book, and a robust retail liability portfolio. We are sharpening our organisational structure and leveraging digital technology to effectively achieve our business objectives. During the reporting period, the bank witnessed consistent growth across all targeted segments, with a sharp focus on acquiring quality assets in verticals such as corporate lending, auto loans, housing loans, and gold loans,” he said.
Aligned with our strategic intent of ‘profitability through quality credit growth,’ we have successfully onboarded new advances with low-risk profiles, ensuring a well-balanced and healthy credit portfolio, Mr. Seshadri added.
Published – July 18, 2025 08:16 pm IST
