{
  "id": 14977738,
  "title": "South Indian Bank records highest-ever quarterly net profit of ₹426.13 crore",
  "url": "https://urgent.news/2026/10/16/south-indian-bank-records-highest-ever-quarterly-net-profit-of-426-13",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-16T15:16:07.000Z",
  "source": {
    "name": "The Hindu",
    "slug": "the-hindu",
    "url": "https://www.thehindu.com/news/national/kerala/south-indian-bank-records-highest-ever-quarterly-net-profit-of-42613-crore/article71592982.ece"
  },
  "original_language": "en",
  "account": "South Indian Bank announced its highest quarterly net profit of ₹426.13 crore, marking a 21.28% increase from ₹351.37 crore in the same period last year. The bank's operating profit surged by 37% to ₹732 crore, while its net interest margin improved from 2.8% to 3.33% year-on-year. Net interest income reached an all-time high of ₹1,116 crore, growing by 37.95% compared to the previous year. Retail deposits increased by ₹16,728 crore to ₹1,29,353 crore, a 14.85% year-on-year rise. NRI deposits also grew by ₹5,008 crore, reaching ₹38,203 crore, reflecting a 15.09% increase. The bank's CEO, Mahesh Muralidhar Pai, expressed satisfaction with the company's strategy centered around sustained profitability, superior asset quality, and a resilient loan book. The bank is focusing on quality asset acquisition and digital technology to achieve its business objectives.",
  "summary": "The bank recorded its highest-ever net interest income of ₹1,116 crore with a growth of 37.95% on a year-on-year (y-o-y) basis.",
  "key_points": [
    "South Indian Bank reports ₹426.13 crore quarterly net profit",
    "Operating profit increases by 37% to ₹732 crore",
    "Retail deposits rise by ₹16,728 crore to ₹1,29,353 crore"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "Earnings call transcript: Punjab National Bank posts strong Q2 2026 profit growth",
        "url": "https://urgent.news/2026/10/16/earnings-call-transcript-punjab-national-bank-posts-strong-q2-2026",
        "published": "2026-10-16T17:12:30.000Z"
      }
    ]
  },
  "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."
}