South Indian Bank – Investor Presentation Summary

Key Operational Highlights

  • Total MSME loan book stood at ₹15,490 crore as of September 2026, showing consistent growth.
  • Average MSME loan size per account was approximately ₹5.09 lakh.
  • The Bank has a pan-India presence with 959 customer touchpoints: 503 in Kerala, 288 in South (ex-Kerala), and 168 in Rest of India.
  • Key drivers include expansion of ECG footprint, accelerated NTB business, defined borrower segment focus (targeting mid-sized enterprises up to ₹500 crore turnover), and augmentation of key resource capabilities.

Segment-wise Performance

Not Specified

Financial Highlights

Q2 FY27 Performance:

  • Net Interest Income: ₹1,116 crore (38% YoY growth, 9% QoQ growth)
  • Non-Interest Income: ₹468 crore (-9% YoY, 23% QoQ)
  • Core Fee Income: ₹198 crore (-4% YoY, 11% QoQ)
  • Treasury & Forex Income: ₹80 crore (-38% YoY, 82% QoQ)
  • Total Income: ₹1,584 crore (20% YoY, 13% QoQ)
  • Operating Expenses: ₹852 crore (8% YoY, 5% QoQ)
  • Operating Profit: ₹732 crore (37% YoY, 24% QoQ)
  • Provisions & Contingencies: ₹159 crore (152% YoY, 89% QoQ)
  • Profit Before Tax: ₹573 crore (21% YoY, 13% QoQ)
  • Provision for Tax: ₹147 crore (21% YoY, 13% QoQ)
  • Profit After Tax: ₹426 crore (21% YoY, 13% QoQ)

H1 FY27 Performance:

  • Net Interest Income: ₹2,140 crore (30% YoY)
  • Non-Interest Income: ₹848 crore (-25% YoY)
  • Total Income: ₹2,988 crore (8% YoY)
  • Operating Expenses: ₹1,664 crore (6% YoY)
  • Operating Profit: ₹1,324 crore (10% YoY)
  • Provisions & Contingencies: ₹243 crore (-20% YoY)
  • Profit Before Tax: ₹1,081 crore (19% YoY)
  • Provision for Tax: ₹277 crore (19% YoY)
  • Profit After Tax: ₹804 crore (19% YoY)

Key Metrics:

  • Net Interest Margin (NIM): 3.33% (up from 2.80% in Q2 FY26 and 3.23% in Q1 FY27)
  • Return on Assets (RoA): 1.08%
  • Return on Equity (RoE): 14.00%
  • Earnings per Share (EPS): ₹6.1
  • Book Value per Share: ₹46.1

Geographical Revenue Split

Deposit Geographical Split (September 2026):

  • Kerala: 36%
  • South (ex-Kerala): 38%
  • Rest of India: 26%

Balance Sheet Snapshot

Liabilities (Sep 2026):

  • Deposits: ₹1,37,279 crore (19% YoY growth)
  • Borrowings: ₹11,814 crore
  • Other Liabilities & Provisions: ₹3,152 crore

Assets (Sep 2026):

  • Cash & Balances with RBI: ₹8,705 crore (75% YoY)
  • Balances with Banks: ₹6,315 crore (23% YoY)
  • Investments: ₹27,709 crore (-10% YoY)
  • Advances: ₹1,08,388 crore (20% YoY)
  • Fixed Assets: ₹1,040 crore
  • Other Assets: ₹4,031 crore

Deposit Composition:

  • Current Accounts: ₹9,242 crore (31% YoY)
  • Savings Accounts: ₹34,068 crore (14% YoY)
  • CASA Ratio: 31.55% (31.86% in Q2 FY26)
  • Total Business (Net Advances + Deposits): ₹2,45,667 crore (19% YoY)

NRI Deposits (Q2 FY27):

  • NR SB: ₹9,562 crore
  • NR CD: ₹75 crore
  • FCNR(B), RFC & Others: ₹5,207 crore
  • Low-Cost NRI Deposit: ₹14,844 crore
  • NRE Term Deposit: ₹21,627 crore
  • NRO Term Deposit: ₹1,732 crore
  • Total NRI Deposits: ₹38,203 crore

Capex & Cash Flow Health

Not Specified

Strategic & R&D Initiatives

Digital Transformation:

  • Mirror+ platform allows customers to update Aadhaar, PAN, Address and KYC review
  • Finacle CBS version upgrade for enhanced performance and integration
  • Customer 360 within in-house CRM for unified customer data
  • Personal Finance Manager and Account aggregator facility in SIB Mirror+
  • RBIH-ULI integration for land record verification for Agri Gold loans
  • ULI-based Vehicle Hypothecation Termination with direct integration
  • Digital requests for FSLD and Personal Loan closure
  • INDMoney onboarding as Lending Service Provider for digital Loan Against Mutual Fund and PL products
  • New module in Sibernet TF Portal for Buyer's Credit and Foreign LC requests
  • UPI Mandate Interoperability and UPI Tap & Pay capabilities

AI Initiatives (Powered by Zeni platform):

  • LEA Workflow Automation for Legal and Enforcement communications
  • Outbound Voice BOT & AI powered call analytics
  • AI Based Internal Audit with Human Approver
  • AI assisted Cheque Verification in CTS
  • AI Assisted Quality Assurance for Finacle and Digital Channels
  • Enterprise Agentic AI Assistant for workflow automation
  • Retrieval-Augmented Generation (RAG) for internal document search
  • AI Tools for customer interactions
  • AI-Assisted Engineering for application development
  • Agentic review for IT change-management
  • Signature Verification AI
  • Domain Aware Document Generator
  • Insight engine for Review and Complaints
  • Day-Book Audit – Automated End to End
  • Resonate AI for staff engagement in LMS

Industry Trends & Business Environment

Not Specified

Management Commentary & Growth Outlook

Key Areas of Focus:

  • Growing Non-branch Distribution & Leveraging Partnerships
  • Liability Partnerships with Fintech for NTB customer acquisition
  • In-house solutions for Digital deposits, Digital Personal loans, and Secured credit line on UPI

Management Team Strength:

  • Mr. Dolphy Jose, Executive Director (32 years experience, ex-Kotak Mahindra Bank)
  • Mr. Senthil Kumar, CGM & Chief Credit Officer (31 years experience, ex-ICICI Bank)
  • Mr. Anto George T, EVP & Chief Operating Officer (36 years with SIB)
  • Ms. Minu Moonjely, CGM - Head Large & Emerging Corporate Group (30 years with SIB)
  • Mr. Sony A, CGM & CIO (34 years in banking technology)
  • Ms. Chithra H, SGM & Chief Compliance Officer (34 years with SIB)
  • Mr. Vinod A N, SGM & Head of Treasury (32 years experience, ex-SBI & Kotak)
  • Mr. Jimmy Mathew, SGM - Head HR & Company Secretary (20 years experience)
  • Mr. Nandakumar G, SGM & Chief of Internal Vigilance (34 years with SIB)
  • Mr. Nehru Singh B, SGM & Chief Risk Officer (30+ years experience, ex-Axis Bank)
  • Mr. Vinod Francis, SGM & Chief Financial Officer (20 years with SIB)
  • Plus 8 other senior executives with 20-34 years of experience each

Asset Quality & Risk Metrics

NPA Position (Q2 FY27):

  • Gross NPA: 1.24% (₹1,355 crore)
  • Net NPA: 0.09% (₹103 crore)
  • Provision Coverage Ratio (Incl. W/off): 97.84%
  • Provision Coverage Ratio (Excl. W/off): 92.42%

NPA Movement (Q2 FY27):

  • GNPA Opening: ₹1,438 crore
  • Additions: ₹105 crore
  • Deductions: ₹188 crore
  • GNPA Closing: ₹1,355 crore
  • NNPA Opening: ₹267 crore
  • Additions: ₹38 crore
  • Deductions: ₹202 crore
  • NNPA Closing: ₹103 crore

Segment-wise GNPA (Q2 FY27):

  • Agriculture: ₹139 crore
  • Business Loans: ₹631 crore
  • Personal Segment: ₹372 crore
  • Corporate: ₹213 crore

Segment-wise Slippages (Q2 FY27):

  • Agriculture: ₹11 crore
  • Business Loans: ₹16 crore
  • Personal Segment: ₹74 crore
  • Corporate: ₹2 crore
  • Total: ₹103 crore

Capital Adequacy:

  • CRAR Basel III: 19.40%
  • Total Capital: ₹11,928 crore
  • Tier I Capital: ₹11,503 crore (CET 1: ₹11,503 crore)
  • Tier II Capital: ₹425 crore
  • Risk Weighted Assets: ₹61,497 crore
  • Total Risk weighted assets to Total assets: 39.37%