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A bank was ordered to pay compensation for deducting minimum balance charges without informing the customer or giving them a chance to rectify a small shortfall, deeming it a deficiency in service.
Interest income remained flat at ₹1,875 crore during the second quarter of FY26, as against ₹1,878 crore in the year-ago period.
Gross NPA declined to 3.15% this quarter from 4.50% a year earlier.
The bank's CASA stood at ₹36,204 crore, representing a 9.06% increase.
Meanwhile, the bank said that it recorded a net profit of ₹1,302.88 crore for FY 2025
The bank also said that its total deposits increased by 5.50 percent to ₹1,07,526 in Q4, compared to ₹1,01,920 in the same quarter last year.
The family had agreed to assume the bank liability of Rs 15 lakh while buying the property.
The joint general manager and chief information security officer (CISO) of the South Indian Bank, Thomas drives the cyber security strategy of SIB.
All the ATMs he had hit belong to the South Indian Bank. Less than Rs 1 lakh have been reported stolen, the bank officials informed.
Puthenveettil Anil (25) of Krishnapuram Vayal was soon arrested in connection with the case. According to the police, Anil had visited the bank one week ago along with his girlfriend as part of the preparations to carry out the robbery.
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