Updated Oct 16, 2025 17:09 IST
The Kerala-based private sector bank had a standalone net profit of Rs 325 crore in the September quarter of the 2024-25 fiscal year.
South Indian Bank’s net interest income remained flat at Rs 1,875 crore during the September quarter of FY2026 as against Rs 1,878 crore in the year-ago period.
Its provisions against bad loans fell to Rs 63 crore during the quarter, down from Rs 110 crore in the July-September period of last fiscal.
South Indian Bank said that the gross non-performing assets (NPA) improved to 2.93 per cent during Q2, from 4.40 per cent of total loans in September 2024.
Meanwhile, benchmark BSE Sensex jumped by 862.23 points while Nifty closed near the 25,600 mark on Thursday, following across-the-board buying by investors triggered by a global stocks rally and US Fed rate cut hopes.
The 30-share BSE Sensex jumped 862.23 points or 1.04 per cent to settle at 83,467.66 with 28 of its constituents ending higher and two with losses. During the day, it zoomed 1,010.05 points or 1.22 per cent to 83,615.48. The 50-share NSE Nifty surged 261.75 points or 1.03 per cent to 25,585.30.
“Indian equity markets extended gains on Thursday, with the Sensex rising nearly 900 points and the Nifty hitting a four-month high, supported by strong banking stocks and firm global cues. Optimism over a potential US Fed rate cut and the IMF’s upgraded India growth forecast (6.6% for FY26) boosted sentiment,” Gaurav Garg, Research Analyst Lemonn Markets Desk, said.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
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