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 01-04-2026
Date of end of financial year 31-03-2027
Date of board meeting when results were approved 16-07-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 07-07-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter First quarter
Nature of report standalone or consolidated Standalone
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 16-07-2026   11:00:00
End date and time of board meeting 16-07-2026   13:35:00
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
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
There was no default during the period under consideration.


Financial Results - Banking

Amount in (Lakhs)

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 01-04-2026 01-04-2026
B Date of end of reporting period 30-06-2026 30-06-2026
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
1 Interest earned
Interest or discount on advances or bills 2,10,825.00 2,10,825.00
Income on investments 44,821.00 44,821.00
Interest on balances with reserve bank of India and other inter bank funds 6,362.00 6,362.00
Others 773.00 773.00
Total interest earned 2,62,781.00 2,62,781.00
2 Other income 37,949.00 37,949.00
3 Total income 3,00,730.00 3,00,730.00
Expenses
4 Interest expenses 1,60,309.00 1,60,309.00
5 Operating expenses
(i) Employees cost 44,919.00 44,919.00
(ii) Details of other operating expenses
Description of other operating expenses
1 Depreciation 3,084.00 3,084.00
2 Insurance 2,845.00 2,845.00
3 Office Expenses 840.00 840.00
4 Communication Expenses 1,965.00 1,965.00
5 Rent Rates and Taxes 4,580.00 4,580.00
6 Repairs 2,851.00 2,851.00
7 Travelling Expenses 1,998.00 1,998.00
8 Others 18,159.00 18,159.00
Total other operating Expenses 36,322.00 36,322.00
Total Operating Expenses 81,241.00 81,241.00
6 Total expenditure excluding provisions and contingencies 2,41,550.00 2,41,550.00
7 Operating profit before provision and contingencies 59,180.00 59,180.00
8 Provisions other than tax and contingencies 8,434.00 8,434.00
9 Exceptional items 0.00 0.00
10 Total profit (loss) from ordinary activities before tax 50,746.00 50,746.00
11 Provision for Tax 12,983.00 12,983.00
12 Net profit (loss) from ordinary activities after tax 37,763.00 37,763.00
13 Extraordinary items net of tax expenses 0.00 0.00
14 Net profit (loss) for the period 37,763.00 37,763.00
15 Share of profit (loss) of associates
16 Profit (loss) of minority interest
17 Net Profit (loss) after taxes minority interest and share of profit (loss) of associates 37,763.00 37,763.00
18 Details of equity share capital [Abstract]
Paid-up equity share capital 26,181.00 26,181.00
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 18.9300 18.9300
Additional Tier 1 ratio 0 0
(iii) (a) Earnings per share before extraordinary items
Basic earnings per share before extraordinary items 1.44 1.44
Diluted earnings per share before extraordinary items 1.44 1.44
(iii) (b) Earnings per share after extraordinary items
Basic earnings per share after extraordinary items 1.44 1.44
Diluted earnings per share after extraordinary items 1.44 1.44
(iv) NPA Ratios
Amount of gross non-performing assets 1,43,767.00 1,43,767.00
Amount of net non-performing assets 26,747.00 26,747.00
% of gross NPAs 1.3800 1.3800
% of net NPAs 0.2600 0.2600
Return on assets 1.0700 1.0700
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, 2026 were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on July 16, 2026. These results have been subjected to limited review by the Joint Statutory Central Auditors M/s. M.P. Chitale & Co, Chartered Accountants and M/s. Borkar & Muzumdar, Chartered Accountants of the Bank. The report thereon is unmodified. The financial results for the quarter ended June 30, 2025 were reviewed by Joint Statutory Central Auditors M/s. K Venkatachalam Aiyer & Co, Chartered Accountants and M/s. M.P. Chitale & 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, 2026 as compared to those followed for the year ended March 31, 2026. The Bank in line with RBI (Commercial Bank-Classification, Valuation and Operation of Investment Portfolio) second amendment directions 2026 dated 18.05.2026 has discontinued the maintenance of Investment Fluctuation Reserve (IFR) and consequently the existing IFR amount of Rs. 11,901 Lakhs has been transfered to Balance in Profit & Loss during the quarter ended June 30,2026. 'The above financial results of the Bank have been prepared in accordance with the recognition and measurement principles laid down in Accounting Standards specified under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder,the relevant provisions of the Banking Regulation Act, 1949,the circulars,guidelines and directions issued by the Reserve Bank of India ('the RBI') ,from time to time ('RBI Guidelines') and other accounting principles generally accepted in India, and is in compliance with the presentation and disclosure requirements of the Regulation 33 and Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,2015,as amended including relevant circulars issued by the SEBI from time to time. 'The above financial results of the Bank have been prepared in accordance with the recognition and measurement principles laid down in Accounting Standards specified under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder,the relevant provisions of the Banking Regulation Act, 1949,the circulars,guidelines and directions issued by the Reserve Bank of India ('the RBI') ,from time to time ('RBI Guidelines') and other accounting principles generally accepted in India, and is in compliance with the presentation and disclosure requirements of the Regulation 33 and Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,2015,as amended including relevant circulars issued by the SEBI from time to time. '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. '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 operating expenses 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, 2026 are the balancing figures between audited figures in respect of the full financial year up to March 31, 2026 and the unaudited published year to date figures up to December 31, 2025 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 DOR.CAP.REC.70/21-01-002/2025-26 on Prudential Norms on Capital Adequacy dated November 28, 2025, as amended and RBI Circular DOR.LRG.No.82/13-10-001/2025-26 dated November 28, 2025 - 'Commercial Banks – Asset Liability Management', as amended, 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.bank.in/other-links/disclosures/disclosure-under-basel-ii-basel-iii-guidelines These disclosures have not been subjected to audit/review by the Joint Statutory Central Auditors. 'In accordance with the RBI Circular DOR.CAP.REC.70/21-01-002/2025-26 on Prudential Norms on Capital Adequacy dated November 28, 2025, as amended and RBI Circular DOR.LRG.No.82/13-10-001/2025-26 dated November 28, 2025 - 'Commercial Banks – Asset Liability Management', as amended, 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.bank.in/other-links/disclosures/disclosure-under-basel-ii-basel-iii-guidelines These disclosures have not been subjected to audit/review by the Joint Statutory Central Auditors. 'Disclosures as per Commercial Banks- Transfer and Distribution of Credit Risk Directions, 2025 Directions dated November 28, 2025 for the loans transferred/acquired during the quarter ended June 30, 2026 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 ( Rs. in Lakhs)13464.19 Weighted average residual maturity (in months)146.67 Weighted average holding period by originator (in months)24.34 Retention of beneficial economic interest by the originator0.1 Tangible security coverage 2.054 '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, 2026, Bank has not transferred any Non Performing Assets. '(v) Details of recovery ratings assigned to Security Receipts as at June 30, 2026 : Recovery Ratings* Anticipated Recovery as per Recovery Rating Book value NR2/ R1 /RR1 100% - 150% 7,253 Total 7,253 * Recovery Rating is as assigned by various external rating agencies 12 Details of Co-Lending Arrangements as per Reserve Bank of India (Commercial Banks-Transfer and Distribution of Credit Risk) Directions, 2025 are given below: (Rs. in Lakhs) Particulars June 30, 2026 Quantum of CLAs : Number of CLA Partners (Nos) 8 Amount of Gross Outstanding (Rs.) 2,16,289 Weighted average rate of interest (%) 10.72% Fees charged for the Quarter (Rs.) 416 Broad sectors in which CLA was made Gold Loan, Personal Loan, Housing Loan, Business Loan Performance of loans under CLA: Standard Loan (Rs.) Non Performing Loan (Rs.) 2,15,777 512 Details related to default loss guarantee available on outstanding amount (Rs.) 920 13 Disclosure related to Project Finance for the quarter ended June 30, 2026, as per the Reserve Bank of India (Commercial Banks- Financial Statements: Presentation and Disclosures) Direction, 2025 dated November 28,2025 is given below: Item Description Number of Accounts Total Outstanding (Rs. in Lakhs) 1. Projects under implementation accounts at the beginning of the quarter. 44 35,624 2. Projects under implementation accounts sanctioned during the quarter. 6 2,433 3. Projects under implementation accounts where DCCO has been achieved during the quarter 13 15,411 4. Projects under implementation accounts at the end of the quarter. (1+2-3) 37 25,777* 5. Out of ‘4’ – accounts in respect of which resolution process involving extension in original / extended DCCO, as the case may be, has been invoked: 10 9,723 5.1 Out of ‘5’ – accounts in respect of which Resolution plan has been implemented. - - 5.2 Out of ‘5’ – accounts in respect of which Resolution plan is under implementation. - - 5.3 Out of ‘5’ – accounts in respect of which Resolution plan has failed. - - 6. Out of ‘5’, accounts in respect of which resolution process involving extension in original / extended DCCO, as the case may be, has been invoked due to change in scope and size of the project. - - 7. Out of ‘5’, account in respect of which cost overrun associated with extension in original / extended DCCO, as the case may be, was funded: - - 7.1 Out of ‘7’, accounts where SBCF was sanctioned during financial closure and renewed continuously - - 7.2 Out of ‘7’, accounts where SBCF was not presanctioned or renewed continuously - - 8. Out of ‘4’ – accounts in respect of which resolution process not involving extension in original / extended DCCO, as the case may be, has been invoked. - - 8.1 Out of ‘8’ – accounts in respect of which Resolution plan has been implemented. - - 8.2 Out of ‘8’ – accounts in respect of which Resolution plan is under implementation. - - 8.3 Out of ‘8’ – accounts in respect of which Resolution plan has failed. - - *Includes movement of Rs. 3,131 Lakhs during Q1 2026 in projects under implementation 14 During the quarter ended June 30, 2026, the Bank allotted 4,98,159 shares, pursuant to the exercise of stock options. 15 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

Amount in (Lakhs)

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 01-04-2026 01-04-2026
Date of end of reporting period 30-06-2026 30-06-2026
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Treasury 57,123.00 57,123.00
2 Corporate/ Wholesale Banking 89,749.00 89,749.00
3 Digital Banking 21,102.00 21,102.00
4 Other Retail Banking 1,22,683.00 1,22,683.00
5 Other Banking Operations 10,073.00 10,073.00
Total Segment Revenue 3,00,730.00 3,00,730.00
Less: Inter segment revenue 0.00 0.00
Income from operations 3,00,730.00 3,00,730.00
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Treasury 8,746.00 8,746.00
2 Corporate/ Wholesale Banking 5,978.00 5,978.00
3 Digital Banking 309.00 309.00
4 Other Retail Banking 33,187.00 33,187.00
5 Other Banking Operations 2,526.00 2,526.00
Total Profit before tax 50,746.00 50,746.00
i. Finance cost 0.00 0.00
ii. Other Unallocable Expenditure net off Unallocable income 0.00 0.00
Profit before tax 50,746.00 50,746.00
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Treasury 28,85,228.00 28,85,228.00
2 Corporate/ Wholesale Banking 57,56,018.00 57,56,018.00
3 Digital Banking 6,38,803.00 6,38,803.00
4 Other Retail Banking 47,71,450.00 47,71,450.00
5 Other Banking Operations 1,021.00 1,021.00
Total Segment Assets 1,40,52,520.00 1,40,52,520.00
Un-allocable Assets 3,92,541.00 3,92,541.00
Net Segment Assets 1,44,45,061.00 1,44,45,061.00
4 Segment Liabilities
Segment Liabilities
1 Treasury 26,39,451.00 26,39,451.00
2 Corporate/ Wholesale Banking 53,60,152.00 53,60,152.00
3 Digital Banking 5,94,870.00 5,94,870.00
4 Other Retail Banking 44,43,297.00 44,43,297.00
5 Other Banking Operations 0.00 0.00
Total Segment Liabilities 1,30,37,770.00 1,30,37,770.00
Un-allocable Liabilities 2,27,227.00 2,27,227.00
Net Segment Liabilities 1,32,64,997.00 1,32,64,997.00
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

Amount in (Lakhs)

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 MP Chitale & Co. Yes 31-07-2028
2 Borkar & Muzumdar Yes 31-05-2028