South Indian Bank Consolidated Net Profit Climbs 21% To ₹426.34 Crore In Q2 FY27
Mumbai: South Indian Bank on Friday reported a consolidated net profit of ₹426.34 crore for the quarter ended September 30, 2026, an increase of 21% compared with ₹351.59 crore in the same quarter last year. The bank's consolidated total income for the second quarter of the fiscal year 2026-27 rose to ₹3,263.80 crore, up from ₹2,922.57 crore year-on-year. Financial Performance Consolidated…
Mumbai-based South Indian Bank disclosed a significant boost to its net profit for Q2 FY27, with consolidated net profit rising 21% to ₹426.34 crore, up from ₹351.59 crore in the same quarter last year. The bank's total income surged 12% to ₹3,263.80 crore, compared to ₹2,922.57 crore in the previous quarter. Interest earned climbed 16% to ₹2,795.70 crore, while other income increased by 9% to ₹468.10 crore.
Expenses and provisions saw a rise, with total consolidated expenses reaching ₹2,531.04 crore, up from ₹2,386.72 crore, and provisions and contingencies totalling ₹159.11 crore, compared to ₹63.27 crore a year ago. The tax expense also increased to ₹147.31 crore, higher than ₹120.99 crore reported in the previous quarter. The bank's half-yearly results for the period ending September 30, 2026, showed a consolidated net profit of ₹804.00 crore, up from ₹673.76 crore in the same half-year of the previous fiscal year, with consolidated total income at ₹6,271.20 crore, an increase from ₹5,906.70 crore.
The bank's capital as of September 30, 2026, stood at ₹261.95 crore, and total assets were reported at ₹1,56,188.72 crore.
Written by urgent.news from Free Press Journal's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
