South Indian Bank Ltd Share Price – NSE /  BSE

Banks, Small Cap

South Indian Bank has allotted 3131 equity shares under ESOS on 24 March 2025.

Consequently, the issued and subscribed capital of Bank stands increased to Rs. 261,63,01,291/- divided into 261,63,01,291 equity shares of Re.1/- each.

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The key equity indices traded near the flatline in early afternoon trade. The Nifty traded below the 23,050 mark after hitting the day's high of 23,144.25 in mid-morning trade. Media shares extended losses for the second consecutive trading session. The market is expected to be volatile ahead of Q3 results from major Nifty stocks like HDFC Bank, Hindustan Unilever, and Bharat Petroleum Corporation.

At 12:30 IST, the barometer index, the S&P BSE Sensex, rose 20.84 points or 0.04% to 75,865.87. The Nifty 50 index declined 7.70 points or 0.03% to 23,016.95.

The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index dropped 2.25% and the S&P BSE Small-Cap index fell 2.60%.

The market breadth was weak. On the BSE, 797 shares rose and 3,005 shares fell. A total of 129 shares were unchanged.

Derivatives:

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rose 0.33% to 17.11. The Nifty 30 January 2025 futures were trading at 23,070.85, at a premium of 53.9 points as compared with the spot at 23,016.95.

The Nifty option chain for the 30 January 2025 expiry showed a maximum call OI of 147.3 lakh contracts at the 23,100 strike price. Maximum put OI of 139.1 lakh contracts was seen at 23,000 strike price.

Buzzing Index:

The Nifty Media index dropped 2.60% to 1,649.75. The index tumbled 4.05% in two consecutive trading sessions.

Hathway Cable & Datacom (down 4.28%), Network 18 Media & Investments (down 4.09%), Den Networks (down 3.34%), Zee Entertainment Enterprises (down 3.28%), Tips Music (down 2.93%), Dish TV India (down 2.36%), Saregama India (down 2.26%), PVR Inox (down 1.95%), Sun TV Network (down 1.3%) and Nazara Technologies (down 1.19%) declined.

Stocks in Spotlight:

South Indian Bank jumped 3.33% after the bank’s standalone net profit increased 11.95% to Rs 341.87 crore in Q3 FY25 as against Rs 305.36 crore recorded in Q3 FY24. Total income jumped 6.88% year on year to Rs 2,817.96 crore in the third quarter of 2025.

Tanla Platforms tumbled 6.76% after the company’s consolidated net profit declined 15.43% to Rs 118.51 crore on a 0.21% fall in net sales to Rs 1,000.43 crore in Q3 FY25 over Q3 FY24.

Neuland Laboratories gained 4.07% after its board approved a capital expenditure of Rs 342 crore to expand the peptide synthesizer reactor capacity at Unit-1 from 0.5 KL to 6.37 KL and to add 52 KL of capacity at Unit-3.

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Total income jumped 6.88% year on year to Rs 2,817.96 crore in the third quarter of 2025.

Net interest income (NII) was at Rs 869.2 crore during the quarter, up 6% on YoY basis.

Operating profit was at Rs 528.84 crore in Q3 FY25, up by 9.38% from Rs 483.45 crore in Q3 FY24.

Provisions (other than tax) and contingencies stood at Rs 66.04 crore in Q3 FY25, up 36.02% from Rs 48.55 crore reported in Q3 FY24.

Profit before tax in Q3 FY25 stood at Rs 462.8 crore, up by 6.41% from as compared with Rs 434.9 crore in Q3 FY24.

Bank’s retail deposit jumped 7.71% YoY to Rs 1,02,420 crore in Q3 FY25 from Rs 95,088 crore in Q3 FY24. Gross advances stood at Rs 86,966 crore in Q3 FY25, showing an increase of 11.95% on Y-o-Y basis.

CASA was at Rs 32,830 crore as on 31 December 2024, up 4.13% YoY. CASA ratio stood at Rs 31.15% as on 31 December 2024 as against 31.80% as on 31 December 2023.

Bank’s personal loan book grew by Rs 63 crore from Rs 2,186 crore to Rs 2,249 crore, showing an increase of 2.88% on YoY basis.

During the quarter, gold loan portfolio jumped 10.39% YoY from Rs 15,369 crore to Rs 16,966 crore.

On the asset quality front, the ratio of gross NPAs to gross advances was at 4.30% as on 31 December 2024 as compared to 4.74% as on 31 December 2023. The ratio of net NPA to net advances stood at 1.25% as on 31 December 2024 as against 1.61% as on 31 December 2023.

Gross NPA stood at Rs 3,735.56 crore as on 31 December 2024 as against Rs 3,682.4 crore as on 31 December 2024 and Rs 3,731.31 crore as on 31 September 2024.

P.R. Seshadri, MD & CEO of the bank, said, “The strategy adopted by the bank continues to enable the business performance. During the period, Bank registered growth in all the desired segments with a focus on quality assets across all verticals: corporate, housing loan, auto loan, personal loan, gold loan, etc.

He also stated that, in line with the strategic intent of the bank, viz., “Profitability through quality credit growth, the bank could onboard fresh advances with a low risk profile.”

South Indian Bank provides retail and corporate banking and parabanking activities such as debit cards and third-party product distribution, in addition to Treasury and foreign exchange business.

Powered by Capital Market - Live News

The key equity indices traded near the flatline in early afternoon trade. The Nifty traded below the 23,050 mark after hitting the day's high of 23,144.25 in mid-morning trade. Media shares extended losses for the second consecutive trading session. The market is expected to be volatile ahead of Q3 results from major Nifty stocks like HDFC Bank, Hindustan Unilever, and Bharat Petroleum Corporation.

At 12:30 IST, the barometer index, the S&P BSE Sensex, rose 20.84 points or 0.04% to 75,865.87. The Nifty 50 index declined 7.70 points or 0.03% to 23,016.95.

The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index dropped 2.25% and the S&P BSE Small-Cap index fell 2.60%.

The market breadth was weak. On the BSE, 797 shares rose and 3,005 shares fell. A total of 129 shares were unchanged.

Derivatives:

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rose 0.33% to 17.11. The Nifty 30 January 2025 futures were trading at 23,070.85, at a premium of 53.9 points as compared with the spot at 23,016.95.

The Nifty option chain for the 30 January 2025 expiry showed a maximum call OI of 147.3 lakh contracts at the 23,100 strike price. Maximum put OI of 139.1 lakh contracts was seen at 23,000 strike price.

Buzzing Index:

The Nifty Media index dropped 2.60% to 1,649.75. The index tumbled 4.05% in two consecutive trading sessions.

Hathway Cable & Datacom (down 4.28%), Network 18 Media & Investments (down 4.09%), Den Networks (down 3.34%), Zee Entertainment Enterprises (down 3.28%), Tips Music (down 2.93%), Dish TV India (down 2.36%), Saregama India (down 2.26%), PVR Inox (down 1.95%), Sun TV Network (down 1.3%) and Nazara Technologies (down 1.19%) declined.

Stocks in Spotlight:

South Indian Bank jumped 3.33% after the bank’s standalone net profit increased 11.95% to Rs 341.87 crore in Q3 FY25 as against Rs 305.36 crore recorded in Q3 FY24. Total income jumped 6.88% year on year to Rs 2,817.96 crore in the third quarter of 2025.

Tanla Platforms tumbled 6.76% after the company’s consolidated net profit declined 15.43% to Rs 118.51 crore on a 0.21% fall in net sales to Rs 1,000.43 crore in Q3 FY25 over Q3 FY24.

Neuland Laboratories gained 4.07% after its board approved a capital expenditure of Rs 342 crore to expand the peptide synthesizer reactor capacity at Unit-1 from 0.5 KL to 6.37 KL and to add 52 KL of capacity at Unit-3.

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Total income jumped 6.88% year on year to Rs 2,817.96 crore in the third quarter of 2025.

Net interest income (NII) was at Rs 869.2 crore during the quarter, up 6% on YoY basis.

Operating profit was at Rs 528.84 crore in Q3 FY25, up by 9.38% from Rs 483.45 crore in Q3 FY24.

Provisions (other than tax) and contingencies stood at Rs 66.04 crore in Q3 FY25, up 36.02% from Rs 48.55 crore reported in Q3 FY24.

Profit before tax in Q3 FY25 stood at Rs 462.8 crore, up by 6.41% from as compared with Rs 434.9 crore in Q3 FY24.

Bank’s retail deposit jumped 7.71% YoY to Rs 1,02,420 crore in Q3 FY25 from Rs 95,088 crore in Q3 FY24. Gross advances stood at Rs 86,966 crore in Q3 FY25, showing an increase of 11.95% on Y-o-Y basis.

CASA was at Rs 32,830 crore as on 31 December 2024, up 4.13% YoY. CASA ratio stood at Rs 31.15% as on 31 December 2024 as against 31.80% as on 31 December 2023.

Bank’s personal loan book grew by Rs 63 crore from Rs 2,186 crore to Rs 2,249 crore, showing an increase of 2.88% on YoY basis.

During the quarter, gold loan portfolio jumped 10.39% YoY from Rs 15,369 crore to Rs 16,966 crore.

On the asset quality front, the ratio of gross NPAs to gross advances was at 4.30% as on 31 December 2024 as compared to 4.74% as on 31 December 2023. The ratio of net NPA to net advances stood at 1.25% as on 31 December 2024 as against 1.61% as on 31 December 2023.

Gross NPA stood at Rs 3,735.56 crore as on 31 December 2024 as against Rs 3,682.4 crore as on 31 December 2024 and Rs 3,731.31 crore as on 31 September 2024.

P.R. Seshadri, MD & CEO of the bank, said, “The strategy adopted by the bank continues to enable the business performance. During the period, Bank registered growth in all the desired segments with a focus on quality assets across all verticals: corporate, housing loan, auto loan, personal loan, gold loan, etc.

He also stated that, in line with the strategic intent of the bank, viz., “Profitability through quality credit growth, the bank could onboard fresh advances with a low risk profile.”

South Indian Bank provides retail and corporate banking and parabanking activities such as debit cards and third-party product distribution, in addition to Treasury and foreign exchange business.

Powered by Capital Market - Live News

Total income jumped 6.88% year on year to Rs 2,817.96 crore in the third quarter of 2025.

Net interest income (NII) was at Rs 869.2 crore during the quarter, up 6% on YoY basis.

Operating profit was at Rs 528.84 crore in Q3 FY25, up by 9.38% from Rs 483.45 crore in Q3 FY24.

Provisions (other than tax) and contingencies stood at Rs 66.04 crore in Q3 FY25, up 36.02% from Rs 48.55 crore reported in Q3 FY24.

Profit before tax in Q3 FY25 stood at Rs 462.8 crore, up by 6.41% from as compared with Rs 434.9 crore in Q3 FY24.

Bank’s retail deposit jumped 7.71% YoY to Rs 1,02,420 crore in Q3 FY25 from Rs 95,088 crore in Q3 FY24. Gross advances stood at Rs 86,966 crore in Q3 FY25, showing an increase of 11.95% on Y-o-Y basis.

CASA was at Rs 32,830 crore as on 31 December 2024, up 4.13% YoY. CASA ratio stood at Rs 31.15% as on 31 December 2024 as against 31.80% as on 31 December 2023.

Bank’s personal loan book grew by Rs 63 crore from Rs 2,186 crore to Rs 2,249 crore, showing an increase of 2.88% on YoY basis.

During the quarter, gold loan portfolio jumped 10.39% YoY from Rs 15,369 crore to Rs 16,966 crore.

On the asset quality front, the ratio of gross NPAs to gross advances was at 4.30% as on 31 December 2024 as compared to 4.74% as on 31 December 2023. The ratio of net NPA to net advances stood at 1.25% as on 31 December 2024 as against 1.61% as on 31 December 2023.

Gross NPA stood at Rs 3,735.56 crore as on 31 December 2024 as against Rs 3,682.4 crore as on 31 December 2024 and Rs 3,731.31 crore as on 31 September 2024.

P.R. Seshadri, MD & CEO of the bank, said, “The strategy adopted by the bank continues to enable the business performance. During the period, Bank registered growth in all the desired segments with a focus on quality assets across all verticals: corporate, housing loan, auto loan, personal loan, gold loan, etc.

He also stated that, in line with the strategic intent of the bank, viz., “Profitability through quality credit growth, the bank could onboard fresh advances with a low risk profile.”

South Indian Bank provides retail and corporate banking, Para banking activities such as debit card, third party product distribution, in addition to treasury and foreign exchange business.

Shares of South Indian Bank tumbled 4.37% to Rs 25.83 on the BSE.

Powered by Capital Market - Live News

South Indian Bank has allotted 3131 equity shares under ESOS on 24 March 2025.

Consequently, the issued and subscribed capital of Bank stands increased to Rs. 261,63,01,291/- divided into 261,63,01,291 equity shares of Re.1/- each.

Powered by Capital Market - Live News

The key equity indices traded near the flatline in early afternoon trade. The Nifty traded below the 23,050 mark after hitting the day's high of 23,144.25 in mid-morning trade. Media shares extended losses for the second consecutive trading session. The market is expected to be volatile ahead of Q3 results from major Nifty stocks like HDFC Bank, Hindustan Unilever, and Bharat Petroleum Corporation.

At 12:30 IST, the barometer index, the S&P BSE Sensex, rose 20.84 points or 0.04% to 75,865.87. The Nifty 50 index declined 7.70 points or 0.03% to 23,016.95.

The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index dropped 2.25% and the S&P BSE Small-Cap index fell 2.60%.

The market breadth was weak. On the BSE, 797 shares rose and 3,005 shares fell. A total of 129 shares were unchanged.

Derivatives:

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rose 0.33% to 17.11. The Nifty 30 January 2025 futures were trading at 23,070.85, at a premium of 53.9 points as compared with the spot at 23,016.95.

The Nifty option chain for the 30 January 2025 expiry showed a maximum call OI of 147.3 lakh contracts at the 23,100 strike price. Maximum put OI of 139.1 lakh contracts was seen at 23,000 strike price.

Buzzing Index:

The Nifty Media index dropped 2.60% to 1,649.75. The index tumbled 4.05% in two consecutive trading sessions.

Hathway Cable & Datacom (down 4.28%), Network 18 Media & Investments (down 4.09%), Den Networks (down 3.34%), Zee Entertainment Enterprises (down 3.28%), Tips Music (down 2.93%), Dish TV India (down 2.36%), Saregama India (down 2.26%), PVR Inox (down 1.95%), Sun TV Network (down 1.3%) and Nazara Technologies (down 1.19%) declined.

Stocks in Spotlight:

South Indian Bank jumped 3.33% after the bank’s standalone net profit increased 11.95% to Rs 341.87 crore in Q3 FY25 as against Rs 305.36 crore recorded in Q3 FY24. Total income jumped 6.88% year on year to Rs 2,817.96 crore in the third quarter of 2025.

Tanla Platforms tumbled 6.76% after the company’s consolidated net profit declined 15.43% to Rs 118.51 crore on a 0.21% fall in net sales to Rs 1,000.43 crore in Q3 FY25 over Q3 FY24.

Neuland Laboratories gained 4.07% after its board approved a capital expenditure of Rs 342 crore to expand the peptide synthesizer reactor capacity at Unit-1 from 0.5 KL to 6.37 KL and to add 52 KL of capacity at Unit-3.

Powered by Capital Market - Live News

Total income jumped 6.88% year on year to Rs 2,817.96 crore in the third quarter of 2025.

Net interest income (NII) was at Rs 869.2 crore during the quarter, up 6% on YoY basis.

Operating profit was at Rs 528.84 crore in Q3 FY25, up by 9.38% from Rs 483.45 crore in Q3 FY24.

Provisions (other than tax) and contingencies stood at Rs 66.04 crore in Q3 FY25, up 36.02% from Rs 48.55 crore reported in Q3 FY24.

Profit before tax in Q3 FY25 stood at Rs 462.8 crore, up by 6.41% from as compared with Rs 434.9 crore in Q3 FY24.

Bank’s retail deposit jumped 7.71% YoY to Rs 1,02,420 crore in Q3 FY25 from Rs 95,088 crore in Q3 FY24. Gross advances stood at Rs 86,966 crore in Q3 FY25, showing an increase of 11.95% on Y-o-Y basis.

CASA was at Rs 32,830 crore as on 31 December 2024, up 4.13% YoY. CASA ratio stood at Rs 31.15% as on 31 December 2024 as against 31.80% as on 31 December 2023.

Bank’s personal loan book grew by Rs 63 crore from Rs 2,186 crore to Rs 2,249 crore, showing an increase of 2.88% on YoY basis.

During the quarter, gold loan portfolio jumped 10.39% YoY from Rs 15,369 crore to Rs 16,966 crore.

On the asset quality front, the ratio of gross NPAs to gross advances was at 4.30% as on 31 December 2024 as compared to 4.74% as on 31 December 2023. The ratio of net NPA to net advances stood at 1.25% as on 31 December 2024 as against 1.61% as on 31 December 2023.

Gross NPA stood at Rs 3,735.56 crore as on 31 December 2024 as against Rs 3,682.4 crore as on 31 December 2024 and Rs 3,731.31 crore as on 31 September 2024.

P.R. Seshadri, MD & CEO of the bank, said, “The strategy adopted by the bank continues to enable the business performance. During the period, Bank registered growth in all the desired segments with a focus on quality assets across all verticals: corporate, housing loan, auto loan, personal loan, gold loan, etc.

He also stated that, in line with the strategic intent of the bank, viz., “Profitability through quality credit growth, the bank could onboard fresh advances with a low risk profile.”

South Indian Bank provides retail and corporate banking and parabanking activities such as debit cards and third-party product distribution, in addition to Treasury and foreign exchange business.

Powered by Capital Market - Live News

The key equity indices traded near the flatline in early afternoon trade. The Nifty traded below the 23,050 mark after hitting the day's high of 23,144.25 in mid-morning trade. Media shares extended losses for the second consecutive trading session. The market is expected to be volatile ahead of Q3 results from major Nifty stocks like HDFC Bank, Hindustan Unilever, and Bharat Petroleum Corporation.

At 12:30 IST, the barometer index, the S&P BSE Sensex, rose 20.84 points or 0.04% to 75,865.87. The Nifty 50 index declined 7.70 points or 0.03% to 23,016.95.

The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index dropped 2.25% and the S&P BSE Small-Cap index fell 2.60%.

The market breadth was weak. On the BSE, 797 shares rose and 3,005 shares fell. A total of 129 shares were unchanged.

Derivatives:

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rose 0.33% to 17.11. The Nifty 30 January 2025 futures were trading at 23,070.85, at a premium of 53.9 points as compared with the spot at 23,016.95.

The Nifty option chain for the 30 January 2025 expiry showed a maximum call OI of 147.3 lakh contracts at the 23,100 strike price. Maximum put OI of 139.1 lakh contracts was seen at 23,000 strike price.

Buzzing Index:

The Nifty Media index dropped 2.60% to 1,649.75. The index tumbled 4.05% in two consecutive trading sessions.

Hathway Cable & Datacom (down 4.28%), Network 18 Media & Investments (down 4.09%), Den Networks (down 3.34%), Zee Entertainment Enterprises (down 3.28%), Tips Music (down 2.93%), Dish TV India (down 2.36%), Saregama India (down 2.26%), PVR Inox (down 1.95%), Sun TV Network (down 1.3%) and Nazara Technologies (down 1.19%) declined.

Stocks in Spotlight:

South Indian Bank jumped 3.33% after the bank’s standalone net profit increased 11.95% to Rs 341.87 crore in Q3 FY25 as against Rs 305.36 crore recorded in Q3 FY24. Total income jumped 6.88% year on year to Rs 2,817.96 crore in the third quarter of 2025.

Tanla Platforms tumbled 6.76% after the company’s consolidated net profit declined 15.43% to Rs 118.51 crore on a 0.21% fall in net sales to Rs 1,000.43 crore in Q3 FY25 over Q3 FY24.

Neuland Laboratories gained 4.07% after its board approved a capital expenditure of Rs 342 crore to expand the peptide synthesizer reactor capacity at Unit-1 from 0.5 KL to 6.37 KL and to add 52 KL of capacity at Unit-3.

Powered by Capital Market - Live News

Total income jumped 6.88% year on year to Rs 2,817.96 crore in the third quarter of 2025.

Net interest income (NII) was at Rs 869.2 crore during the quarter, up 6% on YoY basis.

Operating profit was at Rs 528.84 crore in Q3 FY25, up by 9.38% from Rs 483.45 crore in Q3 FY24.

Provisions (other than tax) and contingencies stood at Rs 66.04 crore in Q3 FY25, up 36.02% from Rs 48.55 crore reported in Q3 FY24.

Profit before tax in Q3 FY25 stood at Rs 462.8 crore, up by 6.41% from as compared with Rs 434.9 crore in Q3 FY24.

Bank’s retail deposit jumped 7.71% YoY to Rs 1,02,420 crore in Q3 FY25 from Rs 95,088 crore in Q3 FY24. Gross advances stood at Rs 86,966 crore in Q3 FY25, showing an increase of 11.95% on Y-o-Y basis.

CASA was at Rs 32,830 crore as on 31 December 2024, up 4.13% YoY. CASA ratio stood at Rs 31.15% as on 31 December 2024 as against 31.80% as on 31 December 2023.

Bank’s personal loan book grew by Rs 63 crore from Rs 2,186 crore to Rs 2,249 crore, showing an increase of 2.88% on YoY basis.

During the quarter, gold loan portfolio jumped 10.39% YoY from Rs 15,369 crore to Rs 16,966 crore.

On the asset quality front, the ratio of gross NPAs to gross advances was at 4.30% as on 31 December 2024 as compared to 4.74% as on 31 December 2023. The ratio of net NPA to net advances stood at 1.25% as on 31 December 2024 as against 1.61% as on 31 December 2023.

Gross NPA stood at Rs 3,735.56 crore as on 31 December 2024 as against Rs 3,682.4 crore as on 31 December 2024 and Rs 3,731.31 crore as on 31 September 2024.

P.R. Seshadri, MD & CEO of the bank, said, “The strategy adopted by the bank continues to enable the business performance. During the period, Bank registered growth in all the desired segments with a focus on quality assets across all verticals: corporate, housing loan, auto loan, personal loan, gold loan, etc.

He also stated that, in line with the strategic intent of the bank, viz., “Profitability through quality credit growth, the bank could onboard fresh advances with a low risk profile.”

South Indian Bank provides retail and corporate banking and parabanking activities such as debit cards and third-party product distribution, in addition to Treasury and foreign exchange business.

Powered by Capital Market - Live News

Total income jumped 6.88% year on year to Rs 2,817.96 crore in the third quarter of 2025.

Net interest income (NII) was at Rs 869.2 crore during the quarter, up 6% on YoY basis.

Operating profit was at Rs 528.84 crore in Q3 FY25, up by 9.38% from Rs 483.45 crore in Q3 FY24.

Provisions (other than tax) and contingencies stood at Rs 66.04 crore in Q3 FY25, up 36.02% from Rs 48.55 crore reported in Q3 FY24.

Profit before tax in Q3 FY25 stood at Rs 462.8 crore, up by 6.41% from as compared with Rs 434.9 crore in Q3 FY24.

Bank’s retail deposit jumped 7.71% YoY to Rs 1,02,420 crore in Q3 FY25 from Rs 95,088 crore in Q3 FY24. Gross advances stood at Rs 86,966 crore in Q3 FY25, showing an increase of 11.95% on Y-o-Y basis.

CASA was at Rs 32,830 crore as on 31 December 2024, up 4.13% YoY. CASA ratio stood at Rs 31.15% as on 31 December 2024 as against 31.80% as on 31 December 2023.

Bank’s personal loan book grew by Rs 63 crore from Rs 2,186 crore to Rs 2,249 crore, showing an increase of 2.88% on YoY basis.

During the quarter, gold loan portfolio jumped 10.39% YoY from Rs 15,369 crore to Rs 16,966 crore.

On the asset quality front, the ratio of gross NPAs to gross advances was at 4.30% as on 31 December 2024 as compared to 4.74% as on 31 December 2023. The ratio of net NPA to net advances stood at 1.25% as on 31 December 2024 as against 1.61% as on 31 December 2023.

Gross NPA stood at Rs 3,735.56 crore as on 31 December 2024 as against Rs 3,682.4 crore as on 31 December 2024 and Rs 3,731.31 crore as on 31 September 2024.

P.R. Seshadri, MD & CEO of the bank, said, “The strategy adopted by the bank continues to enable the business performance. During the period, Bank registered growth in all the desired segments with a focus on quality assets across all verticals: corporate, housing loan, auto loan, personal loan, gold loan, etc.

He also stated that, in line with the strategic intent of the bank, viz., “Profitability through quality credit growth, the bank could onboard fresh advances with a low risk profile.”

South Indian Bank provides retail and corporate banking, Para banking activities such as debit card, third party product distribution, in addition to treasury and foreign exchange business.

Shares of South Indian Bank tumbled 4.37% to Rs 25.83 on the BSE.

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