South Indian Bank Q2 FY27: deposits up 19%, advances up 20%, Gross NPA falls to 1.24%
Q2 FY27 deposits up 19% to Rs. 1,37,279 Cr, advances up 20%; NIM 3.33%, Gross NPA 1.24%, Net NPA 0.09%.
By ScoutQuest · · 1 min read
- Deposits
- up 19% to Rs. 1,37,279 Cr
- NIM
- 3.33% from 2.80%
- Gross NPA
- 1.24% from 2.93%
- Period
- Q2 FY27
- Positioning
- A Kerala-rooted private bank with 959 customer touch points, 36% of its MSME/other book in Kerala, 38% in rest of South and 26% elsewhere in India.
💰 Q2 FY27 deposits rose 19% year on year to Rs. 1,37,279 Cr and advances 20% to Rs. 1,08,388 Cr. NIM improved to 3.33% from 2.80% a year earlier, annualised RoA was 1.08% and RoE 14.00%. HY1 FY27 profit after tax was Rs. 804 Cr against Rs. 1,455 Cr for full FY26.
📉 Asset quality strengthened: Gross NPA fell to 1.24% from 2.93% and Net NPA to 0.09% from 0.56%, with provision coverage including write-offs at 97.84%. CASA ratio slipped to 31.55% from 31.86%. CRAR stood at 19.40% against an 11.50% regulatory minimum.
📉 Management states it will expand dedicated ECG centres, drive New-to-Bank acquisition and target mid-sized enterprises with turnover up to Rs. 500 crore, sourcing proposals of Rs. 3-35 crore. The MSME/SME book itself shrank to Rs. 9,153 Cr, which the bank attributes partly to a 554 crore write-off.
📌 The presentation lists co-lending, EDI and liability fintech partnerships as its way forward for non-branch distribution, and says AI is in production across the bank via its in-house Zeni framework and an AI Centre of Excellence.
Also from South Indian Bank
Q2 FY27 earnings call: profit INR426 crores, NIM 3.33%, gross NPA 1.24%
23 Oct 2026
MCLR revised for multiple tenors, effective 20 October 2026
17 Oct 2026
South Indian Bank investors/analysts conference call held Oct 16, 2026; audio recording put on website
16 Oct 2026
More numbers
- Deposits, Q2 FY271,37,279 (Rs. In Cr)
- Advances, Q2 FY271,08,388 (Rs. In Cr)
- Deposits Y-o-Y growth19%
- Net Interest Margin, Q2FY273.33%
- Gross NPA, Q2FY271.24%
- Net NPA, Q2FY270.09%
- RoE annualised, Q2FY2714.00%
- Profit after Tax, HY1 FY27804 (Rs. Cr)
- CRAR Basel III, Q2FY2719.40%
- CASA Ratio, Q2 FY2731.55%
- Total NRI deposits, Q2 FY2738,203 (Rs. Cr)
- MSME/SME loans, Sep-269,153 (Rs. in crore)
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