South Indian Bank Q2 Net Profit Rises 21% to Rs 426 Cr

New Delhi: South Indian Bank on Thursday reported a 21 per cent rise in net profit to Rs 426 crore for the second quarter ended September 30.

The Kerala-based private sector bank registered a net profit of Rs 351 crore in the September quarter of the previous fiscal year.

Its total income increased to Rs 3,264 crore in the second quarter from Rs 2,923 crore in the same period of the previous fiscal year, South Indian Bank said in a regulatory filing.

Interest income also climbed to Rs 2,796 crore in the September quarter of FY27 from Rs 2,407 crore in the year-ago period.

On the asset quality front, gross non-performing assets (NPAs) moderated to 1.24 per cent of gross advances at the end of September 2026 against 2.93 per cent a year ago.

Similarly, net NPAs or bad loans improved to 0.09 per cent at the end of September 2026 from 0.56 per cent at the end of the same month a year earlier.

However, its provisions and contingencies rose to Rs 159 crore from Rs 63 crore in the second quarter of the last financial year.

(Disclaimer: Except for the headline, this article has not been edited by HDFC Sky editorial team and is auto-generated from PTI feed.)