South Indian Bank shares jump 36% in 30 days; here is how lender fared in Q2

In the morning trade on Monday, October 27, the stock was trading around 2% higher at ₹38.87 on the NSE.

The stock has been in demand amid a broadly positive outlook for private banks in India, driven by strong economic growth, improved asset quality, and significant advancements in digital banking.

Analysts believe private banks in India are poised for a strong rebound.

South Indian Bank Q2 Results

South Indian Bank reported an 8% rise in net profit to ₹351 crore for the second quarter ended September 30 of the current fiscal year (Q2 FY26).

The Kerala-based private sector bank had a standalone net profit of ₹325 crore in the September quarter of the 2024-25 fiscal year.

Interest income remained flat at ₹1,875 crore during the September quarter of FY26, as against ₹1,878 crore seen in the year-ago period.

Provisions against bad loans fell to ₹63 crore during the quarter, down from ₹110 crore seen in the July-September period of last fiscal.

Gross non-performing assets (NPA) improved to 2.93% during Q2, from 4.40% of total loans in September 2024.

About South Indian Bank

South Indian Bank was established in 1929 in Thrissur, Kerala. Predominantly present in Kerala and the southern regions of India, the bank is expanding across the country. With 940 locations, three satellite branches, and three ultra-small branches, South Indian Bank is growing its nationwide network. The bank’s focus is on corporate, personal, business, and agricultural loans. The bank’s branch network covers 26 states and four Union Territories.

South Indian Bank was established during the Swadeshi movement. The bank was established with the objective of freeing the business sector from the clutches of moneylenders. The bank started by offering need-based loans at fair interest rates.

In 1946, South Indian Bank achieved the distinction of becoming the first private sector bank in Kerala to be scheduled under the RBI Act. It was also the first private sector bank in India to open a currency chest on behalf of the RBI in April 1992. South Indian Bank established its first NRI branch in November 1992.