SISouth Indian Bank532218Quarterly results

Board Meeting Outcome: Unaudited Q2/H1 FY27 Results, Auditors' Unmodified Limited Review Opinion

South Indian Bank's Board met on October 15, 2026 and approved the unaudited standalone and consolidated results for the quarter and half year ended September 30, 2026.

By ScoutQuest · Thu 15 Oct 2026, 1:25 PM IST · 2 min read

Standalone Total Income (Q2)

₹ 3,26,385 lakh for the quarter

Standalone Net Profit (Q2)

₹ 42,613 lakh

Shares allotted under stock option exercise

14,37,644 (quarter) and 19,35,803 (half year)

What the board approved

South Indian Bank's Board met on October 15, 2026 and approved the unaudited financial results (standalone and consolidated) for the quarter and half year ended September 30, 2026. The results were reviewed and recommended by the Audit Committee and taken on record by the Board. During the quarter and half year ended September 30, 2026, the Bank allotted 14,37,644 and 19,35,803 shares respectively under the exercise of stock options.

Auditor's review conclusion

• The Joint Statutory Auditors, M/s. M.P. Chitale & Co. and M/s. Borkar & Muzumdar, issued a Limited Review Report with an unmodified opinion on the standalone and consolidated results.
• A limited review provides moderate assurance and is not a full audit; the report states the auditors do not express an audit opinion.
• The report notes that the Pillar 3 disclosures under Basel III, including Leverage Ratio, Liquidity Coverage Ratio and Net Stable Funding Ratio, were not reviewed by the auditors.

Standalone results (as printed, ₹ in Lakhs)

• Total Income: quarter 3,26,385 against 2,92,278 in the year-ago quarter; half year 6,27,115 against 5,90,711.
• Net Profit for the period: quarter 42,613 against 35,137; half year 80,376 against 67,332.
• Operating Profit (Profit before Provisions and Contingencies): 73,248 for the quarter.
• Provisions (other than tax) and Contingencies: 15,911 for the quarter.
• Earnings per share: Basic 1.63, Diluted 1.62 for the quarter.
• Net worth: 11,68,352; Paid-up equity share capital: 26,195 (face value ₹ 1/- each).

Asset quality and capital (standalone)

• Gross NPA 1,35,484; Net NPA 10,271.
• % of Gross NPA to Gross Advances 1.24%; % of Net NPA to Net Advances 0.09%.
• Capital adequacy ratio (BASEL III) 19.40%.
• Return on assets (annualised) 1.12%; operating margin 22.44%; Net Profit margin 13.06%.

Segment view (quarter, ₹ in Lakhs)

• Segment revenue: Treasury 64,225, Corporate/Wholesale Banking 97,390, Retail Banking 1,52,997, Other Banking Operations 11,773.
• Retail Banking revenue includes Digital Banking 20,428 and other retail banking 1,32,569.
• Segment results (net of provisions): Treasury 12,869, Corporate/Wholesale Banking 9,351, Retail Banking 31,567; total 57,337.

Other points from the disclosure

• Balance sheet as at September 30, 2026: Total 1,56,18,810; Deposits 1,37,27,852; Borrowings 3,68,120; Advances 1,08,38,815.
• Under the COVID-19 resolution framework, exposure to accounts classified as Standard consequent to implementation of resolution plan was 12,557 at the end of the half year, against 14,207 at the end of the previous half year.
• Co-lending arrangements: 8 partners, gross outstanding 1,96,878, weighted average rate of interest 10.70%.
• The Bank has not transferred any Special Mention Account (SMA) and loan not in default to any financial institutions/ARC during the quarter.
• Loans acquired through assignment: aggregate amount 3,474.95 with weighted average residual maturity of 217.50 months.

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