Private sector lender South Indian Bank reported a 9% rise in standalone net profit to ₹374 crore for the December quarter, driven by strong performance across all major segments.

Net profit for the nine months ended December 31, 2025 increased 9% to ₹1,048 crore, compared with ₹961 crore in the year-earlier period.

Non-interest income for Q3 rose to ₹486 crore from ₹409 crore, registering a growth of 19%.

Net total income for the nine-month period rose 7.44%, against a 3.61% increase in operating expenses for the comparable period.

During the period under review, gross non-performing assets declined by 163 basis points to 2.67%, while net NPAs fell by 80 basis points from 1.25% to 0.45%. The slippage ratio declined by 17 basis points to 0.16%, the bank said in a regulatory filing.

Provision coverage ratio, excluding write-offs, increased by 1,177 basis points from 71.73% to 83.5%. The bank’s capital adequacy ratio stood at 17.84%.

Retail deposits grew by ₹13,142 crore, or 13%, to ₹1,15,563 crore. NRI deposits increased from ₹31,132 crore to ₹33,965 crore, while CASA deposits grew 15% year-on-year, with savings bank deposits up 14% and current account deposits up 20%.

Gross advances rose 11% to ₹96,764 crore. Gold loans grew 26% and vehicle loans 24% to ₹20,952 crore and ₹2,393 crore, respectively.

“The bank’s well-defined strategy continues to underpin its strong business performance during the period. The bank recorded healthy growth across all major segments, including corporate, MSME, housing, auto and gold loans, with a steadfast focus on maintaining asset quality,” said MD & CEO P.R. Seshadri