• The document represents a regulatory filing containing the transcript of South Indian Bank's Q2 FY27 Earnings Conference Call held on Friday, October 16, 2026 at 16:00 hrs (IST).
  • The conference call was a post-results investor interaction organized to discuss the bank's quarterly financial performance for Q2 FY27 (quarter ended September 2026).
  • Management participants included:
  • Mr. Mahesh Muralidhar Pai - Managing Director and Chief Executive Officer
  • Mr. Dolphy Jose - Executive Director
  • Mr. Anto George T - Executive Vice President and Chief Operating Officer
  • Mr. Vinod Francis - SGM and Chief Financial Officer
  • Mr. Jimmy Matthew - SGM and Company Secretary
  • Other senior executives of the bank
  • The moderator was Mr. Aman Singh from ICICI Securities.
  • The transcript was made available on the Bank's website at www.southindianbank.bank.in under the specific link provided in the disclosure.
  • The meeting was conducted after the earnings announcement, as evidenced by the detailed discussion of Q2 FY27 financial results.

Financial Highlights Discussed

  • Highest quarterly net profit of INR426 crores for Q2 FY27, registering 21% YoY growth from INR351 crores in Q2 FY26
  • Total deposits grew by 19% YoY to INR1,37,279 crores from INR1,15,635 crores
  • Gross advances grew by 19% YoY to INR1,09,517 crores from INR92,286 crores (20% growth excluding technical write-off of INR1,163 crores from previous year)
  • Total business grew by 19% to INR2,46,796 crores
  • Net interest margin at 3.33%, up 10 bps sequentially and 53 bps YoY
  • Return on assets at 1.08% and return on equity at 14%
  • Net interest income of INR1,116 crores with 38% YoY growth from INR808 crores
  • Capital adequacy at 19.40% with Tier 1 ratio at 18.71%
  • CASA increased by 18% YoY to INR43,310 crores from INR36,841 crores
  • Provision coverage ratio including write-off improved to 97.84% from 90.25% YoY
  • Provision coverage ratio excluding write-off improved to 92.42% from 81.29% YoY
  • Gross NPA reduced by 169 bps from 2.93% to 1.24% YoY
  • Net NPA reduced by 47 bps from 0.56% to 0.09% YoY
  • Slippage ratio for the quarter at 0.09%
  • Credit cost for the quarter at 0.14%

Forward-Looking Statements and Strategic Themes

  • Guidance of 15-16% growth in loans and deposits for FY27, with preference for higher end of guidance
  • Target to increase gold loan share from current 25% to 35% of portfolio
  • Medium-term target to reach ROA of 1.25-1.30% with long-term target of 1.5%
  • NIM expected to improve to 3.36-3.38% in shorter term and 3.45-3.50% in longer term
  • Cost-to-income ratio expected to come down to 50%
  • Focus on portfolio mix change toward 35% corporate and 65% RAM (Retail, Agri, MSME)
  • Board permitted raising of INR500 crores of Tier 2 bonds

Additional Notes Section

  • The document includes the full transcript of the earnings conference call with detailed Q&A session covering various aspects of the bank's performance and strategy.
  • The filing was made pursuant to Regulation 30, 46 and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.
  • The document represents a continuation of previous communications referenced as SEC/ST.EX.STT/113/2026-27 dated October 08, 2026 and SEC/ST.EX.STT/122/2026-27 dated October 16, 2026.