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South Indian Bank announced that Marginal Cost of Funds Based Lending Rates (MCLR) applicable for multiple tenors has been revised w.e.f. 20 February 2026 as follows:
The board said it has initiated the process to identify a successor and will complete the appointment after obtaining approvals from the Reserve Bank of India and shareholders.
The sharp sell-off reflected investor concerns over leadership transition. Seshadri's decision not to seek reappointment comes just two weeks after South Indian Bank posted its highest-ever quarterly net profit for the December 2025 quarter.
Net profit after tax rose 9.5% YoY to Rs 374 crore in Q3 FY25, compared with Rs 342 crore in the year-ago period. Profit before tax stood at Rs 504 crore, up 8.8% YoY. Operating profit increased 10.5% YoY to Rs 584 crore, supported by stable core income and higher other income. Net interest income inched up 1.3% YoY to Rs 881 crore, while other income jumped 18.8% YoY to Rs 486 crore, providing an added boost to profitability.
South Indian Bank is a leading Kerala-based private sector bank with a nationwide presence. It has 948 branches, 2 Ultra Small Branches, 3 Satellite branches, 1143 ATMs and 126 CRMs across India, and a representative office in Dubai, UAE.
Hindustan Zinc Ltd, Hindustan Copper Ltd, Vedanta Ltd and National Aluminium Company Ltd are among the other losers in the BSE's 'A' group today, 30 January 2026.
South Indian Bank Ltd lost 15.04% to Rs 37.61 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 158.03 lakh shares were traded on the counter so far as against the average daily volumes of 30.68 lakh shares in the past one month.
Hindustan Zinc Ltd tumbled 11.49% to Rs 633.4. The stock was the second biggest loser in 'A' group.On the BSE, 33 lakh shares were traded on the counter so far as against the average daily volumes of 12.64 lakh shares in the past one month.
Hindustan Copper Ltd crashed 10.59% to Rs 678.8. The stock was the third biggest loser in 'A' group.On the BSE, 127.5 lakh shares were traded on the counter so far as against the average daily volumes of 50.37 lakh shares in the past one month.
Vedanta Ltd corrected 10.00% to Rs 689.5. The stock was the fourth biggest loser in 'A' group.On the BSE, 21.39 lakh shares were traded on the counter so far as against the average daily volumes of 12.49 lakh shares in the past one month.
National Aluminium Company Ltd plummeted 9.09% to Rs 389.95. The stock was the fifth biggest loser in 'A' group.On the BSE, 31.17 lakh shares were traded on the counter so far as against the average daily volumes of 13.58 lakh shares in the past one month.
Operating profit increased 10.5% YoY to Rs 584 crore, supported by stable core income and higher other income. Net interest income inched up 1.3% YoY to Rs 881 crore, while other income jumped 18.8% YoY to Rs 486 crore, providing an added boost to profitability.
On the balance sheet front, gross advances grew 11.3% YoY to Rs 96,764 crore, while retail deposits rose 12.8% YoY to Rs 1,15,563 crore. CASA deposits increased 14.7% YoY to Rs 37,640 crore, lifting the CASA ratio to 31.84% from 31.15% a year ago.
Asset quality continued to improve sharply. Gross NPA declined to 2.67% from 4.30% a year earlier, while net NPA improved to 0.45% from 1.25%, reflecting tighter credit monitoring and better recoveries. Provisions excluding tax rose 21.8% YoY to Rs 80 crore, indicating a prudent stance despite improving stress metrics. Slippage ratio reduced by 17 bps from 0.33% in Q3 FY25 to 0.16% in Q3 FY26.
The bank’s capital adequacy ratio stood at a healthy 17.84% in December 2025, underscoring a strong capital position. The gold loan portfolio rose 26% YoY to Rs 21,303 crore, from Rs 16,966 crore, while vehicle loans grew 24% YoY to Rs 2,393 crore from Rs 1,938 crore.
Pre-provisioning operating profit increased 10% YoY to Rs 584.33 crore in Q3 FY26, compared with Rs 528.84 crore in the year-ago quarter. Asset quality buffers also strengthened, with the provision coverage ratio (PCR) excluding write-offs improving by 1,177 bps YoY to 83.5%, while PCR including write-offs rose by 1,050 bps YoY to 91.57%.
P. R. Seshadri, MD & CEO of the bank, stated that the bank’s well-defined strategy continues to underpin its strong business performance during the period. The bank recorded healthy growth across all major segments – including corporate, MSME, housing, auto and gold loans – with a steadfast focus on maintaining asset quality.
He added that, in line with the bank’s strategy of achieving profitability through quality credit growth, fresh advances were onboarded with a low-risk profile.
Aether Industries Ltd, National Aluminium Company Ltd, Poly Medicure Ltd and KIOCL Ltd are among the other gainers in the BSE's 'A' group today, 06 January 2026.
South Indian Bank Ltd spiked 6.63% to Rs 42.31 at 11:45 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 51.87 lakh shares were traded on the counter so far as against the average daily volumes of 15.7 lakh shares in the past one month.
Aether Industries Ltd surged 6.32% to Rs 1006.6. The stock was the second biggest gainer in 'A' group. On the BSE, 66443 shares were traded on the counter so far as against the average daily volumes of 10983 shares in the past one month.
National Aluminium Company Ltd soared 5.21% to Rs 348.2. The stock was the third biggest gainer in 'A' group. On the BSE, 16.33 lakh shares were traded on the counter so far as against the average daily volumes of 6.59 lakh shares in the past one month.
Poly Medicure Ltd added 4.67% to Rs 1804. The stock was the fourth biggest gainer in 'A' group. On the BSE, 46606 shares were traded on the counter so far as against the average daily volumes of 6411 shares in the past one month.
KIOCL Ltd exploded 4.60% to Rs 404.35. The stock was the fifth biggest gainer in 'A' group. On the BSE, 43849 shares were traded on the counter so far as against the average daily volumes of 32348 shares in the past one month.
The bank's total deposits stood at Rs 1,18,211 crore as of 31 December 2025, recording a growth of 12.17% year on year (YoY).
The bank’s CASA deposits stood at Rs 37,640 crore as of December 31, 2025, registering a 14.65% year-on-year growth. The CASA ratio improved to 31.84% as of December 31, 2025, compared with 31.15% in the corresponding period last year.
South Indian Bank provides retail and corporate banking and para-banking activities such as debit cards and third-party product distribution, in addition to treasury and foreign exchange business.
In Q2 FY26, the bank reported an 8% year-on-year rise in net profit to Rs 351.36 crore, while net interest income declined 8% to Rs 808 crore.
Auto shares extended their rally for a fourth consecutive trading session.
At 10:25 IST, the barometer index, the S&P BSE Sensex advanced 343.99 points or 0.40% to 85,532.59. The Nifty 50 index gained 101.90 points or 0.39% to 26,248.45.
In the broader market, the S&P BSE Mid-Cap index added 0.47% and the S&P BSE Small-Cap index jumped 0.40%.
The market breadth was strong. On the BSE, 2,352 shares rose and 1,264 shares fell. A total of 201 shares were unchanged.
Buzzing Index:
The Nifty Auto index jumped 1.07% to 28,786.65. The index jumped 4.33% for the four consecutive trading sessions.
Hero MotoCorp (up 2.54%), TVS Motor Company (up 2.28%), Bosch (up 2.02%), Ashok Leyland (up 1.81%), Maruti Suzuki India (up 1.48%), Samvardhana Motherson International (up 1.36%), Mahindra & Mahindra (up 1.3%), Bharat Forge (up 0.98%), Sona BLW Precision Forgings (up 0.95%) and Tata Motors Passenger Vehicles (up 0.71%) surged.
Stocks in Spotlight:
Punjab & Sind Bank rose 2.61% after the bank's gross advances increased by 15.25% to Rs 110,488 crore as of 31 December 2025, as against Rs 95,870 crore as of 31 December 2024.
South Indian Bank added 2.11% after the private lender said that its gross advances jumped 11.27% to Rs 96,765 crore as of 31 December 2025 as against Rs 86,966 crore as of 31 December 2024.
Hyundai Motor India (HMIL) declined 2.06%. The company has recorded 6.6% year-on-year (YoY) growth in total monthly sales, clocking sales of 58,702 units in December 2025.