South Indian Bank collaborates with EPFO to launch EPF payment services; check details

South Indian Bank, the private sector lender, has launched the Employees' Provident Fund payment services through its internet banking platform SIBerNet, in collaboration with the EPFO, a top official said on Thursday, March 12.

The integration with the Employees' Provident Fund Organisation enables employers and establishments to remit EPF contributions seamlessly through the bank's digital banking platform.

South Indian Bank Managing Director and CEO P R Seshadri said, "The launch of EPF payments through SIBerNet marks another step forward in our commitment to providing seamless and secure digital banking solutions to our customers."

In a press release, Seshadri said, "By enabling direct integration with EPFO, we aim to simplify statutory payments for employers and businesses, while strengthening our digital ecosystem to support compliance and convenience."

With the successful completion of integration between the Thrissur-based bank and EPFO, employers and establishments can now remit EPF contributions, dues, remittances, and related charges directly through the EPFO portal using South Indian Bank's net banking facility, the release added.

How the stock fared on Thursday, March 12

Shares of South Indian Bank ended 1.12% lower at ₹38.99 apiece on the NSE.

South Indian Bank Q3 results

Private sector lender South India Bank reported a 9.3% rise in net profit to ₹374 crore for the third quarter ended December 2025 (Q3 FY26).

The Kerala-based lender had earned a net profit of ₹342 crore in the same quarter a year ago.

Its total income increased to ₹3,003 crore during the quarter under review from ₹2,780 crore seen in the year-ago period, South Indian Bank said in a regulatory filing.

Interest income also rose to ₹2,518 crore from ₹2,379 crore logged in the third quarter of the previous fiscal.

The bank's operating profit improved to ₹584 crore from ₹529 crore in the December 2024 quarter.

On the asset quality front, the bank's gross non-performing assets (NPAs) declined to 2.67% of gross loans by the end of December 2025 from 4.30% a year ago.

Similarly, net NPAs or bad loans fell to 0.45% compared to 1.25% in FY25.

Its capital adequacy ratio moderated to 17.84% from 18% at the end of the same quarter a year ago.

During the three quarters, the bank reported a net profit of ₹1,048 crore against ₹961 crore.

The total income also increased to ₹8,910 crore from ₹8,281 crore in the first nine months of the last financial year.