{
  "id": 14649477,
  "title": "South Indian Bank Consolidated Net Profit Climbs 21% To ₹426.34 Crore In Q2 FY27",
  "url": "https://urgent.news/2026/10/15/south-indian-bank-consolidated-net-profit-climbs-21-to-426-34-crore",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-15T08:12:22.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/south-indian-bank-consolidated-net-profit-climbs-21-to-42634-crore-in-q2-fy27"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "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…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Free Press Journal",
        "title": "Indian Bank Reports Consolidated Net Profit Of ₹3,540.71 Crore, total Income Rises To ₹23,335.98 Crore",
        "url": "https://urgent.news/2026/10/15/indian-bank-reports-consolidated-net-profit-of-3-540-71-crore-total",
        "published": "2026-10-15T08:22:49.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}