South Indian Bank Sets History with a Record Net Profit of Rs. 1303 Crore for FY 24-25

South Indian Bank has reported a net profit of Rs. 1302.88 Cr for the financial year 2024-2025, marking a growth of 21.75% compared to the previous year. The bank achieved its highest ever performance in various areas including business, net profit, operating profit, other income, net interest income, provision coverage ratio, return on assets, and return on equity. The bank's gross and net NPA decreased, and the operating profit increased by 21.55%. The bank also saw growth in retail and NRI deposits, gross advances, corporate segment, gold loan portfolio, housing loan, and vehicle loan. The bank's MD & CEO, Mr. P R Seshadri, stated that the bank's strategy continues to focus on sustained profitability, superior asset quality, a resilient loan book, and a robust retail liability portfolio.