MD & CEO, South Indian Bank
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The Thrissur based South Indian Bank has registered a 17 per cent growth in its net profit at ₹378 crore for Q1 FY 27 compared to ₹322 crore in Q1 FY26.P R Seshadri, Managing Director & CEO said that the bank witnessed consistent growth across all targeted segments, with a sharp focus on acquiring quality assets in verticals such as corporate lending, auto loans and gold loans. Aligned with our strategic intent of ‘Profitability through Quality Credit Growth’, the bank has successfully on-boarded new advances with low-risk profiles, ensuring a well-balanced and healthy credit portfolio.”The strategy continues to centre around sustained profitability, superior asset quality, a resilient loan book, and a robust retail liability portfolio. “We are sharpening our organisational structure and leveraging digital technology to effectively achieve our business objectives”, he said.Retail deposit grew by ₹14,938 crore from ₹1,09,368 crore to ₹1,24,306 crore, an increase of 14 per cent. NRI deposit grew by ₹4,139 crore from ₹32,293 crore to ₹36,432 crore. CASA grew by 14.61 per cent basis with growth in Savings Bank by 16.51 per cent and Current Account by 6.95 per cent respectively. Gross advances grew by ₹15,170 crore from ₹89,198 to ₹1,04,368 crore. Corporate Segment grew by ₹4,594 crore from ₹37,110 crore to ₹41,704 crore. Gold Loan portfolio increased by ₹7,484 crore from ₹17,446 crore to ₹24,930 crore.Business segment grew by ₹1,731 crore from ₹12,660 crore to ₹14,391 crore.GNPA came down by 177 bps from 3.15 to 1.38 per cent, while NNPA dropped by 42 bps from 0.68 to 0.26 per cent. The bank registered highest ever Net Interest Income of ₹1,025 crore with a growth of 23.05 per cent on y-o-y basis.Published on July 16, 2026
