INTEGRATED FILING — BANKING



General information about company

Scrip code 532218
NSE Symbol SOUTHBANK
MSEI Symbol NOTLISTED
ISIN INE683A01023
Name of bank The South Indian Bank Limited
Class of security Equity
Date of start of financial year 01-Apr-2025
Date of end of financial year 31-Mar-2026
Date of board meeting when results were approved 17-Jul-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 10-Jul-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter First quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 17-Jul-2025   11:00:00
End date and time of board meeting 17-Jul-2025   13:10:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion


Financial Results - Banking
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2025
B Date of end of reporting period 30-Jun-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Interest earned
Interest or discount on advances or bills 18826600000 18826600000
Income on investments 3639000000 3639000000
Interest on balances with reserve bank of India and other inter bank funds 562900000 562900000
Others 595900000 595900000
Total interest earned 23624400000 23624400000
2 Other income 6216900000 6216900000
3 Total income 29841300000 29841300000
Expenses
4 Interest expenses 15298700000 15298700000
5 Operating expenses
(i) Employees cost 4273000000 4273000000
(ii) Details of other operating expenses
Description of other operating expenses
1 Depreciation 275300000 275300000
2 Insurance 361400000 361400000
3 Office Expense 75300000 75300000
4 Communication Expense 201100000 201100000
5 Rent Rates and Taxes 464300000 464300000
6 Repairs 253400000 253400000
7 Travelling Expense 233600000 233600000
8 Others 1680200000 1680200000
Total other operating Expenses 3544600000 3544600000
Total Operating Expenses 7817600000 7817600000
6 Total expenditure excluding provisions and contingencies 23116300000 23116300000
7 Operating profit before provision and contingencies 6725000000 6725000000
8 Provisions other than tax and contingencies 2392600000 2392600000
9 Exceptional items 0 0
10 Total profit (loss) from ordinary activities before tax 4332400000 4332400000
11 Provision for Tax 1110700000 1110700000
12 Net profit (loss) from ordinary activities after tax 3221700000 3221700000
13 Extraordinary items net of tax expenses 0 0
14 Net profit (loss) for the period 3221700000 3221700000
15 Share of profit (loss) of associates 0 0
16 Profit (loss) of minority interest 0 0
17 Net Profit (loss) after taxes minority interest and share of profit (loss) of associates 3221700000 3221700000
18 Details of equity share capital [Abstract]
Paid-up equity share capital 2616300000 2616300000
Face value of equity share capital 1 1
19 Reserve excluding revaluation reserves (as per balance sheet of previous accounting year)
20 Analytical ratios
(i) Percentage of share held by government of India 0 0
(ii) Capital adequacy ratio
CET 1 ratio 18.25 18.25
Additional Tier 1 ratio 0 0
(iii) (a) Earnings per share before extraordinary items
Basic earnings per share before extraordinary items 1.23 1.23
Diluted earnings per share before extraordinary items 1.23 1.23
(iii) (b) Earnings per share after extraordinary items
Basic earnings per share after extraordinary items 1.23 1.23
Diluted earnings per share after extraordinary items 1.23 1.23
(iv) NPA Ratios
Amount of gross non-performing assets 28065700000 28065700000
Amount of net non-performing assets 5913800000 5913800000
% of gross NPAs 3.15 3.15
% of net NPAs 0.68 0.68
Return on assets 1.01 1.01
21 Disclosure of notes on financial results by banks Textual Information(1)


Text Block

Textual Information(1) 'The above standalone financial results for the quarter ended June 30, 2025 were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on July 17, 2025. These results have been subjected to limited review by the Joint Statutory Central Auditors M/s. K Venkatachalam Aiyer & Co, Chartered Accountants and M/s. M.P. Chitale & Co, Chartered Accountants of the Bank. The report thereon is unmodified. The financial results for the quarter ended June 30, 2024 were reviewed by Joint Statutory Central Auditors M/s. CNK & Associates LLP, Chartered Accountants and M/s. K Venkatachalam Aiyer & Co, Chartered Accountants. The Bank has consistently applied its significant accounting policies in the preparation of its financial results during the quarter ended June 30, 2025 as compared to those followed for the year ended March 31, 2025. 'The financial results have been arrived at after considering provision for standard assets (including requirements for exposures to entities with unhedged foreign currency exposures), provision for non-performing assets (NPAs), provision for non-performing investments, provision for income-tax and other usual and necessary provisions. 'Other Income includes Profit on sale of investments (net), provision for appreciation/(depreciation) on eligible investments, earnings from foreign exchange and derivative transactions, commission from non – fund based banking activities, income from sale of PSL Certificates, income from card business, income from bancassurance business, recoveries from advances written off etc. 'Other expense includes Insurance, Rent, Repair, Depreciation, Communication expenses, Outsourced manpower charges, premium paid on PSLC purchase, CSR, Card expenses etc. 'The Capital Adequacy Ratio is computed on the basis of RBI guidelines applicable on the relevant reporting dates and the ratio for the corresponding previous period is not adjusted to consider the impact of subsequent changes if any, in the guidelines. 'The figures of the quarter ended March 31, 2025 are the balancing figures between audited figures in respect of the full financial year up to March 31, 2025 and the unaudited published year to date figures up to December 31, 2024 being the date of the end of the third quarter of the financial year which were subjected to Limited Review. 'In accordance with the RBI Circular DBR.No.BP.BC.1/21.06.201/2015-16 on Basel III capital regulations dated July 1, 2015, as amended and RBI circular DBR.NO.BP.BC.80/21.06.201/2014-15 dated March 31, 2015 on prudential guidelines on Capital Adequacy and Liquidity Standards amendments and RBI Circular DBR.BP.BC.No.106/21.04.098/2017-18 dated May 17, 2018 - 'Basel III Framework on Liquidity Standards – Net Stable Funding Ratio (NSFR) – Final Guidelines', Banks are required to make Pillar III disclosures including leverage ratio and liquidity coverage ratio under Basel III framework. The Bank has made these disclosures which are available on its website at the following link. https://www.southindianbank.com/content/disclosure-under-basel-2-basel-3-guidelines/880 These disclosures have not been subjected to audit/review by the Joint Statutory Central Auditors. Disclosures as per Master Direction – Reserve Bank of India (Transfer of Loan Exposures) Directions 2021 dated September 24, 2021 for the loans transferred/acquired during the quarter ended June 30, 2025 are given below; (i) The Bank has not transferred any Special Mention Account (SMA) and loan not in default during the quarter (ii) Details of loans not in default acquired through assignment are given below Aggregate amount of loans acquired (` in Lakhs) 69,372.01 Weighted average residual maturity (in months) 39.65 Weighted average holding period by originator (in months) 8.84 Retention of beneficial economic interest by the originator 10% Tangible security coverage 187.71% The loans acquired are not rated as these are to non-corporate borrowers (iii) Bank has not acquired any stressed loans during the quarter (iv) During the quarter ended June 30, 2025, Bank has not transferred any Non Performing Assets (v) Details of recovery ratings assigned to Security Receipts as at June 30, 2025 ` in lakhs Recovery Ratings * Anticipated Recovery as per Recovery Rating Book value NR1 / R1 +/RR1 + > 150% - NR2/ R1 /RR1 100% - 150% - NR3/ R2 / RR2 75% - 100% 7,032.88 R3/ NR4 / RR3 50% - 75% - NR5 / RR4 / R4 25% - 50% - NR6 / RR5 / R5 0% - 25% - Yet to be rated # - 11,927.30 Unrated - - Total 18,960.18 * Recovery Rating is as assigned by various external rating agencies # Recent purchases whose statutory period not yet elapsed. 'During the quarter ended June 30, 2025, the Bank allotted 38,649 shares, pursuant to the exercise of stock option. 'Previous period's figures /ratios have been regrouped / reclassified, wherever necessary to conform to current period's classification.


Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2025
Date of end of reporting period 30-Jun-2025
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Treasury 7311400000 7311400000
2 Corporate/ Wholesale Banking 8569000000 8569000000
3 Digital Banking 2215800000 2215800000
4 Other Retail Banking 10785100000 10785100000
5 Other Banking Operations 960000000 960000000
Total Segment Revenue 29841300000 29841300000
Less: Inter segment revenue
Income from operations 29841300000 29841300000
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Treasury 2036900000 2036900000
2 Corporate/ Wholesale Banking -96800000 -96800000
3 Digital Banking 211100000 211100000
4 Other Retail Banking 1846400000 1846400000
5 Other Banking Operations 331800000 331800000
Total Profit before tax 4329400000 4329400000
i. Finance cost 0
ii. Other Unallocable Expenditure net off Unallocable income -3000000
Profit before tax 4332400000 4332400000
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Treasury 263605400000 263605400000
2 Corporate/ Wholesale Banking 525627300000 525627300000
3 Digital Banking 55447500000 55447500000
4 Other Retail Banking 394550900000 394550900000
5 Other Banking Operations 169400000 169400000
6 Treasury 263605400000 263605400000
7 Corporate/ Wholesale Banking 525627300000 525627300000
8 Digital Banking 55447500000 55447500000
9 Other Retail Banking 394550900000 394550900000
10 Other Banking Operations 169400000 169400000
Total Segment Assets 1239400500000 1239400500000
Un-allocable Assets 38302100000 38302100000
Net Segment Assets 1277702600000 1277702600000
4 Segment Liabilities
Segment Liabilities
1 Treasury 243698300000 243698300000
2 Corporate/ Wholesale Banking 490403700000 490403700000
3 Digital Banking 51731800000 51731800000
4 Other Retail Banking 368072700000 368072700000
5 Other Banking Operations 0 0
6 Treasury 243698300000 243698300000
7 Corporate/ Wholesale Banking 490403700000 490403700000
8 Digital Banking 51731800000 51731800000
9 Other Retail Banking 368072700000 368072700000
10 Other Banking Operations 0 0
Total Segment Liabilities 1153906500000 1153906500000
Un-allocable Liabilities 19749200000 19749200000
Net Segment Liabilities 1173655700000 1173655700000
Disclosure of notes on segments For the above segment reporting, the reportable segments are identified into Treasury, Corporate/Wholesale Banking, Retail Banking (including Digital Banking) and Other Banking Operations in compliance with the revised RBI Guidelines. The Bank operates in India.






Details of Impact of Audit Qualification
Whether results are audited or unaudited Unaudited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 K Venkatachalam Aiyer & Co Yes 31-Dec-2027
2 M. P. Chitale & Co Yes 31-Jul-2025