South Indian Bank Q3 Profit Jumps 9%, Asset Quality Improves

Business
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Moneycontrol•15-01-2026, 16:03
South Indian Bank Q3 Profit Jumps 9%, Asset Quality Improves
- •South Indian Bank reported a 9.49% year-on-year increase in net profit to ₹374.32 crore for Q3 FY26.
- •Net Interest Income (NII) rose by nearly 1% to ₹881 crore in the December 2025 quarter.
- •Asset quality improved significantly, with Gross NPA decreasing from 2.93% to 2.67% and Net NPA from 0.56% to 0.45%.
- •Gross Advances grew by 11.27% year-on-year to ₹96,765 crore, and Total Deposits increased by 12.17% to ₹1.18 lakh crore.
- •The bank's shares surged 95.48% in 9 months, reaching a one-year high of ₹43.24 on January 7, 2026.
Why It Matters: South Indian Bank delivered strong Q3 results with a 9% profit jump and improved asset quality.
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