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-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 15-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 28-Apr-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 15-May-2025   11:00:00
End date and time of board meeting 15-May-2025   13:35:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
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-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Interest earned
Interest or discount on advances or bills 19142100000 75290800000
Income on investments 3864800000 15920500000
Interest on balances with reserve bank of India and other inter bank funds 393500000 1672300000
Others 334000000 1249500000
Total interest earned 23734400000 94133100000
2 Other income 5723300000 18129800000
3 Total income 29457700000 112262900000
Expenses
4 Interest expenses 15051100000 59276700000
5 Operating expenses
(i) Employees cost 4040000000 16711600000
(ii) Details of other operating expenses
Description of other operating expenses
1 Depreciation 270600000 1017800000
2 Insurance 351000000 1400700000
3 Office Expenses 94400000 286500000
4 Communication Expenses 210500000 801700000
5 Rent Rates and Taxes 431000000 1682200000
6 Repairs 244300000 915400000
7 Travelling Expenses 187400000 772400000
8 Others 1743000000 6695300000
Total other operating Expenses 3532200000 13572000000
Total Operating Expenses 7572200000 30283600000
6 Total expenditure excluding provisions and contingencies 22623300000 89560300000
7 Operating profit before provision and contingencies 6834400000 22702600000
8 Provisions other than tax and contingencies 2241900000 5131900000
9 Exceptional items 0 0
10 Total profit (loss) from ordinary activities before tax 4592500000 17570700000
11 Provision for Tax 1168400000 4539700000
12 Net profit (loss) from ordinary activities after tax 3424100000 13031000000
13 Extraordinary items net of tax expenses 0 0
14 Net profit (loss) for the period 3424100000 13031000000
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 3424100000 13031000000
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) 94702100000
20 Analytical ratios
(i) Percentage of share held by government of India 0 0
(ii) Capital adequacy ratio
CET 1 ratio 17.98 17.98
Additional Tier 1 ratio 0 0
(iii) (a) Earnings per share before extraordinary items
Basic earnings per share before extraordinary items 1.31 4.98
Diluted earnings per share before extraordinary items 1.31 4.98
(iii) (b) Earnings per share after extraordinary items
Basic earnings per share after extraordinary items 1.31 4.98
Diluted earnings per share after extraordinary items 1.31 4.98
(iv) NPA Ratios
Amount of gross non-performing assets 27998300000 27998300000
Amount of net non-performing assets 7905200000 7905200000
% of gross NPAs 3.2 3.2
% of net NPAs 0.92 0.92
Return on assets 1.1 1.05
21 Disclosure of notes on financial results by banks Textual Information(1)


Text Block

Textual Information(1) 1. The above consolidated financial results for the quarter and year ended March 31, 2025 were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on May 15, 2025. These results have been subjected to audit 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 and Year ended March 31, 2024 were audited by Joint statutory auditors M/s. CNK & Associates LLP, Chartered Accountants and M/s. K Venkatachalam Aiyer & Co, Chartered Accountants. 2. The figures for the Quarters ended March 31, 2025 and March 31, 2024 are the balancing figures between audited figures in respect of the full financial year and the unaudited published year to date figures upto the end of the third quarter of the respective financial years, which were subject to limited review. 3. The Consolidated Financial Results comprise the financial results of The South Indian Bank Ltd and it's subsidiary SIB Operations and Services Ltd. 4.Group has consistently applied its significant accounting policies except for investment (as per RBI guidelines) in the preparation of its quarterly and Year ended March 31, 2025 financial results as compared to those followed for the year ended March 31, 2024. The above results are prepared in accordance with the principles set out in Accounting Standard 21 - Consolidated Financial Statements as notified under Section 133 of the Companies Act, 2013. 5. 'The above financial results 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 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, as amended including relevant circulars issued by the SEBI from time to time. 6. '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. 7. '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, recoveries from advances technically written off etc. 8. 'Other expense includes Insurance, Rent, Repair, Depreciation, Communication expenses, Outsourced manpower charges, premium paid on PSLC purchase, CSR, ATM outsourcing, Card expenses etc. 9. 'The Board of Directors, in their meeting held on May 15, 2025 have proposed dividend of Rs 0.40 per equity share (40%) for the year ended March 31, 2025 amounting to Rs 10465.20 Lakhs. The proposal is subject to the approval of shareholders at the Annual General Meeting. In terms of revised Accounting Standard (AS) 4 ‘Contingencies and Events occurring after the Balance sheet date’ as notified by the Ministry of Corporate Affairs through amendments to Companies (Accounting Standards) Amendment Rules, 2016, dated March 30, 2016, proposed dividend is not recognised as a liability as on March 31, 2025. However, effect of the proposed dividend has been reckoned in determining capital funds in the computation of capital adequacy ratios as at March 31, 2025. 10. '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. 11. 'During the quarter and Year ended March 31, 2025, the Bank allotted 8,413 and 375,019 shares respectively, pursuant to the exercise of stock option. 12. 'Previous period's figures have been regrouped / reclassified, wherever necessary to conform to current period's classification including the netting off of certain credit card income and expenses based on the revised agreement with the partner and also the ratios for the previous period / year have been regrouped / reclassified wherever considered necessary.


Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
1 Capital and liabilities
Capital 2616300000
Reserves and surplus 98386500000
Deposits 1075222200000
Borrowings 43004800000
Other liabilities and provisions 27320900000
Total Capital Liabilities 1246550700000
2 ASSETS
Cash and Balances with Reserve Bank of India 50977000000
Balances with Banks and money at call and short notice 71624000000
Investments 217766800000
Advances 856820700000
Fixed Assets 10183000000
Other Assets 39179200000
Total Assets 1246550700000
Disclosure of notes on assets and liabilities


Text Block
Textual Information(1)


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-Jan-2025 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether results are audited or unaudited Audited Audited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Treasury 5341000000 22041800000
2 Corporate/ Wholesale Banking 10432800000 36465200000
3 Digital Banking 1981600000 8430300000
4 Other Retail Banking 10502100000 40399800000
5 Other Banking Operations 1200200000 4925800000
Total Segment Revenue 29457700000 112262900000
Less: Inter segment revenue 0 0
Income from operations 29457700000 112262900000
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Treasury 1230200000 3099500000
2 Corporate/ Wholesale Banking 1263200000 4489900000
3 Digital Banking -443500000 -687400000
4 Other Retail Banking 2114500000 8844600000
5 Other Banking Operations 426800000 1822300000
Total Profit before tax 4591200000 17568900000
i. Finance cost 0 0
ii. Other Unallocable Expenditure net off Unallocable income -1300000 -1800000
Profit before tax 4592500000 17570700000
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Treasury 242589600000 242589600000
2 Corporate/ Wholesale Banking 515417800000 515417800000
3 Digital Banking 54258300000 54258300000
4 Other Retail Banking 397271700000 397271700000
5 Other Banking Operations 168700000 168700000
Total Segment Assets 1209706100000 1209706100000
Un-allocable Assets 36844600000 36844600000
Net Segment Assets 1246550700000 1246550700000
4 Segment Liabilities
Segment Liabilities
1 Treasury 224099000000 224099000000
2 Corporate/ Wholesale Banking 480648800000 480648800000
3 Digital Banking 50598200000 50598200000
4 Other Retail Banking 370438600000 370438600000
5 Other Banking Operations 0 0
Total Segment Liabilities 1125784600000 1125784600000
Un-allocable Liabilities 19763300000 19763300000
Net Segment Liabilities 1125784600000 1125784600000
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. 'Beginning from the quarter ended June 30, 2024, Bank had changed certain assumption of allocating segmental income/expenses. Accordingly, the previous period figures is also regrouped to match the same with current period figures.




Cash Flow Statement, Indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Consolidated
1 Statement of cash flows
Cash flows from used in operating activities
Profit before extraordinary items and tax
2 Adjustments for reconcile profit (loss)
Adjustments to profit (loss)
Adjustments for finance costs 1400300000
Adjustments for depreciation and amortisation expense 3021400000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for unrealised foreign exchange losses gains 0
Adjustments for dividend income 0
Adjustments for share-based payments 0
Other adjustments for which cash effects are investing or financing cash flow 0
Other adjustments to reconcile profit (loss) 0
Other adjustments for non-cash items 5205900000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments to profit (loss) 9627600000
3 Adjustments for working capital
Adjustments for decrease (increase) in inventories -25196400000
Adjustments for decrease (increase) in trade receivables -81950400000
Adjustments for decrease (increase) in other current assets 3850800000
Adjustments for increase (decrease) in trade payables 56031100000
Adjustments for increase (decrease) in other current liabilities 0
Adjustments for provisions -44600000
Total adjustments for working capital -47309500000
Total adjustments for reconcile profit (loss) -37681900000
Net cash flows from (used in) operations -20111200000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 3418300000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities before extraordinary items -23529500000
Proceeds from extraordinary items 0
Payment for extraordinary items 0
Net cash flows from (used in) operating activities -23529500000
4 Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of tangible assets 23400000
Purchase of tangible assets 1202400000
Proceeds from sales of intangible assets 0
Purchase of intangible assets 380400000
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 0
Interest received 0
Income taxes paid (refund) 0
Other inflows (outflows) of cash 45899600000
Proceeds from government grants 0
Net cash flows from (used in) investing activities before extraordinary items 44340200000
Proceeds from extraordinary items 0
Payment for extraordinary items 0
Net cash flows from (used in) investing activities 44340200000
5 Cash flows from used in financing activities
Proceeds from issuing shares 4700000
Proceeds from issuing other equity instruments 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 11383900000
Repayments of borrowings 7500000000
Dividends paid 784900000
Interest paid 1535200000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities before extraordinary items 1568500000
Proceeds from extraordinary items 0
Payment for extraordinary items 0
Net cash flows from (used in) financing activities 1568500000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 22379200000
6 Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents 22379200000
Cash and cash equivalents cash flow statement at beginning of period 100221800000
Cash and cash equivalents cash flow statement at end of period 122601000000


Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
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


Financial details
Sr. Particulars Audited Figures (as reported before adjusting for qualifications) Adjusted Figures (audited figures after adjusting for qualifications)
1 Turnover / Total income
2 Total Expenditure
3 Net Profit/(Loss)
4 Earnings Per Share
5 Total Assets
6 Total Liabilities
7 Net Worth

Any other financial item(s) (as felt appropriate by the management)



Signatories details

Name of CEO / Managing director
Name of CFO
Name of audit committee chairman
Name of statutory auditor
Name of other signatory, if any, with designation
Place
Date