Shares of South Indian Bank surged sharply in stock market today, climbing 6.4% to touch a fresh all-time high of ₹45.20 during Friday’s trading session on January 16. The spike comes on the back of the bank’s Q3FY26 earnings, which revealed robust growth across key financial metrics, reinforcing investor confidence.
Market Performance
The momentum in South Indian Bank share price was noticeable throughout the session, as investors reacted positively to the quarterly results.
- Share price: ₹45.20 (+6.4%)
- Trading session date: January 16, 2026
- Trend: Record high, reflecting renewed investor optimism
The rise underscores the stock’s ongoing recovery and strong market sentiment in early 2026, following a series of gains in the previous months.
Q3FY26 Financial Highlights
South Indian Bank posted its highest ever quarterly net profit, marking another milestone in its growth journey. Key figures from the December-ending quarter include:
- Net Profit: ₹374.32 crore, up 9.5% YoY from ₹341.87 crore in Q3FY25
- Net Interest Income (NII): ₹881 crore, compared to ₹869 crore in the same quarter last year
- Pre-provision Operating Profit: ₹584 crore, a 10.5% YoY increase from ₹529 crore
- Provisions: ₹80 crore, higher than ₹66 crore in Q3FY25
The results reflect the bank’s consistent operational leverage and strong business fundamentals, supporting steady revenue growth and profitability.
Asset Quality and Deposits
South Indian Bank has managed to maintain a healthy asset quality profile, with improvements in both gross and net NPAs:
- Gross NPA: 2.67%, down 163 basis points YoY
- Net NPA: 0.45%, down 80 basis points YoY
Deposit growth was another highlight:
- Retail deposits: ₹1,02,421 crore, up ₹13,142 crore (13% YoY)
- NRI deposits: ₹33,965 crore, up ₹2,833 crore (9% YoY)
- CASA deposits: up 15% YoY
- Savings account deposits: +14%
- Current account deposits: +20%
The strong deposit trends reflect robust customer trust and an expanding retail base, strengthening the bank’s balance sheet.
Advances and Lending Growth
On the lending front, South Indian Bank recorded notable expansion in its corporate segment, alongside healthy growth in key loan categories:
- Corporate advances: ₹38,353 crore, up ₹3,397 crore (10% YoY) from ₹34,956 crore
The bank continues to see traction across corporate, MSME, housing, auto, and gold loans, maintaining a balanced and diversified portfolio.
South Indian Bank Share Price History
The stock has staged a remarkable recovery after a prolonged sell-off earlier in 2025:
- One-year low: Hit in April 2025
- 2025 full-year gain: +53%
- Cumulative four-year rise: +371%
- 2026 YTD gain: +15% in the first 11 trading sessions
Retail shareholders remain the dominant owners, holding 70.2% stake as of the December quarter, according to BSE data. This significant retail interest has helped propel the stock higher, making it one of the standout performers in the stock market today.
Summary
South Indian Bank’s Q3FY26 results underline a strong, well-rounded performance, with healthy profit growth, rising deposits, and robust asset quality. The surge in South Indian Bank share price reflects both the underlying fundamentals and investor confidence in the bank’s long-term trajectory.
With consistent growth in NII, pre-provision profits, and advances, the bank continues to strengthen its position in the Indian banking sector, making it a key watch for anyone tracking the stock market today.
Source: Livemint
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