South Indian Bank Q2 net profit rises 8% to ₹351 crore
Interest income remained flat at ₹1,875 crore during the second quarter of FY26, as against ₹1,878 crore in the year-ago period.
Interest income remained flat at ₹1,875 crore during the second quarter of FY26, as against ₹1,878 crore in the year-ago period.
Interest income remained flat at ₹1,875 crore during the second quarter of FY26, as against ₹1,878 crore in the year-ago period.
The Thrissur-headquartered South Indian Bank on Thursday reported an 8 per cent rise in net profit to ₹351 crore for the second quarter ended September 30. The private sector lender had a standalone net profit of ₹325 crore in the September quarter of the previous financial year.
Interest income remained flat at ₹1,875 crore during the second quarter of FY26, as against ₹1,878 crore in the year-ago period.
Provisions against bad loans fell to ₹63 crore during the quarter, down from ₹ 110 crore in the July-September period of last fiscal.
Gross non-performing assets (NPA) improved to 2.93 per cent during Q2, from 4.40 per cent of total loans at the same period of the previous year.
Shares of South Indian Bank were trading at ₹32.92, up 0.43 per cent over the previous close on the BSE and at ₹33.09, up 0.88 per cent on the NSE.