SOUTHBANK
The South Indian Bank Limited
NSELast Traded Price
₹45.41
-0.32 (-0.7%)
Open
₹45.75
High
₹46.22
Low
₹45.3
Prev Close
₹45.73
Industry
Private Sector Bank
Market Cap
11894.25 Cr
Filing History
Recent corporate announcements and filings for SOUTHBANK
Governance
Neutral
2026-08-29 15:35
- Intimation of the retirement of Mr. Mazhuvancheri George Korah, Non-Executive Independent Director, effective August 30, 2026, upon completion of his term of appointment.
Ownership
Neutral
2026-08-24 12:01
- The South Indian Bank has allotted 11,14,858 equity shares on August 24, 2026, to eligible grantees under the SIB ESOS Scheme – 2008. The issued and subscribed capital of the Bank has increased to Rs.2,61,93,01,068.
Governance
Negative
2026-08-21 16:24
CRITICAL RED FLAG DETECTED
- Mr. Sivaraman K, Senior General Manager and Head of Banking Operations Group, opted for Voluntary Retirement on personal grounds.
- The Bank accepted his retirement on August 21, 2026, with an effective date of September 05, 2026.
Governance
Positive
2026-08-21 13:23
- Board granted 27,36,230 options under SIB ESOS Scheme – 2008 (Tranche 21) to eligible employees on August 20, 2026.
- Options serve as non-cash variable pay/incentive for FY 2025-26.
- Exercise price: ₹22.50 per option (50% discount on ₹45.00 market price).
Ownership
Positive
2026-08-20 20:17
- The Board of Directors of South Indian Bank Ltd. approved granting 27,36,230 options to eligible employees. These options are under Tranche 21 of the SIB ESOS Scheme – 2008 as non-cash variable pay/incentive for FY 2025-26. The exercise price is ₹22.50 per option, with vesting occurring over 12, 24, and 36 months.
Business Update
Neutral
2026-08-18 18:39
- The South Indian Bank has revised its Marginal Cost of Funds Based Lending Rates (MCLR) effective August 20, 2026.
- New MCLR rates: Overnight 8.15%, One-month 8.50%, Three-month 9.20%, Six-month 9.25%, One-year 9.45%.
Business Update
Positive
2026-08-17 16:02
- South Indian Bank is opening 5 new branches.
- The branches are located in Panoor, Edoor, Ulikkal, Mattool, and Mayyil in Kannur, Kerala.
- All new branches are scheduled to open on August 17, 2026.
Business Update
Neutral
2026-08-10 19:57
- The South Indian Bank Ltd. participated in the Nirmal Bang Semi-Annual Investor Conference on August 10, 2026.
- Representatives met with various institutional investors/analysts at Trident, Bandra Kurla Complex, Mumbai.
- No unpublished price sensitive information (UPSI) was shared during the conference.
Business Update
Neutral
2026-08-10 17:14
- Intimation of an Analyst/Investor Meeting held on August 10, 2026.
- The meeting was a one-on-one virtual interaction with UNIFI CAPITAL.
- No Unpublished Price Sensitive Information (UPSI) was shared during the meeting.
Business Update
Neutral
2026-08-04 19:01
- Concall Schedule
- Concall Date: August 10, 2026
- Concall Time: 14:00 hrs to 18:00 hrs (IST)
Governance
Neutral
2026-07-27 20:53
- Notice of 98th Annual General Meeting (AGM) for FY 2025-26.
- AGM scheduled for August 20, 2026, at 11:00 AM IST via VC/OAVM.
- Record Date for Dividend and E-voting eligibility is August 13, 2026.
- Remote E-voting from August 16 to August 19, 2026.
- Annual Report for FY 2025-26 and AGM Notice are available on the bank's website and NSDL.
Governance
Positive
2026-07-27 20:35
- The 98th Annual General Meeting (AGM) will be held on Thursday, August 20, 2026, at 11:00 AM (IST) via Video Conferencing/OAVM.
- The Board recommended a dividend of ₹0.45 per equity share (45%) for the Financial Year 2025-26.
- Sri. Mahesh Muralidhar Pai is proposed to be appointed as MD & CEO for 3 years from October 1, 2026.
- Smt. Lakshmi Ramakrishna Srinivas is proposed for re-appointment as an Independent Director for a second term of 5 years.
- Shareholders will also consider raising funds up to ₹1,000 Crores through Tier-II bonds/debentures via private placement.
Ownership
Neutral
2026-07-27 15:25
- Allotment of 120,147 equity shares of Re. 1/- each under SIB ESOS Scheme 2008 on July 27, 2026.
- Consequently, the issued and subscribed capital increased to 2,61,81,86,210 Equity Shares.
Business Update
Positive
2026-07-27 14:54
- South Indian Bank announced the opening of a new branch at Gachibowli Road, Kondapur, Hyderabad.
- The new branch is scheduled to open on July 27, 2026.
Ownership
Positive
2026-07-23 20:15
- Kotak Mahindra Mutual Fund (KMMF) has acquired additional equity shares of South Indian Bank Ltd.
- KMMF's holding now stands at 5.1595% of the total issued equity share capital.
- This acquisition on July 21, 2026, crosses the 5% threshold under SAST Regulations.
Business Update
Positive
2026-07-22 18:00
CRITICAL RED FLAG DETECTED
- Q1 FY27 Net Profit ₹378 Cr (▲17% YoY) and Net Interest Income ₹1,025 Cr (▲23% YoY).
- Gross Advances grew 17% YoY (18% ex-technical write-off) and Total Deposits grew 11% YoY.
- Net Interest Margin (NIM) was 3.23% (▲20 bps YoY); management expects NIMs to harden and outcomes to be positive for the year.
- Gross NPA reduced to 1.38% (▼177 bps YoY), Net NPA to 0.26% (▼42 bps YoY); Provision Coverage Ratio improved to 94.51%.
- Management expects credit costs to moderate from 9 bps, with full-year slippages between ₹500-750 Cr.
- Outgoing MD & CEO, Mr. P.R. Seshadri, confirmed this is his last conference call, departing for personal reasons.
- Outlook aims for positive operating leverage, ROA improvement from 100-115 bps to 120-125 bps, and continued growth in higher-yielding retail and MSME loans.
Business Update
Neutral
2026-07-18 17:05
- South Indian Bank revised its Marginal Cost of Funds Based Lending Rates (MCLR) effective July 20, 2026.
- New rates include: Overnight MCLR at 8.00%, One-month at 8.45%, Three-month at 9.40%, Six-month at 9.45%, and One-year at 9.50%.
Business Update
Neutral
2026-07-17 19:08
- Audio recording of the Investor/Analyst Conference Call held on July 17, 2026 (Quarterly Earnings Call), is available on the Bank's website.
Financials
Positive
2026-07-17 12:04
- Consolidated Revenue ₹3,00,740 Lakhs vs ₹2,98,413 Lakhs (▲0.8% YoY)
- Consolidated PAT ₹37,766 Lakhs vs ₹32,217 Lakhs (▲17.2% YoY)
Governance
Neutral
2026-07-16 19:25
- Board meeting held on July 16, 2026.
- 98th AGM scheduled for August 20, 2026.
- Record date for dividend (if declared) and e-voting is August 13, 2026.
- Proposed to raise up to ₹1,000 Crore via debt instruments.
- Recommended appointment of Mahesh Muralidhar Pai as MD & CEO and re-appointment of two directors.
Governance
Neutral
2026-07-16 19:05
- Board Meeting on July 16, 2026, approved the 98th AGM to be held on August 20, 2026, via VC/OAVM.
- The Record Date for dividend (if declared) and e-voting is August 13, 2026.
- Approved borrowing/raising of funds up to ₹1,000 Crore via debt instruments.
- Recommended re-appointment of Sri. Dolphy Jose and Smt. Lakshmi Ramakrishna Srinivas (Independent Director).
- Recommended appointment of Sri. Mahesh Muralidhar Pai as MD & CEO for three years from October 1, 2026.
Governance
Neutral
2026-07-16 18:56
- Board Meeting on July 16, 2026, approved the 98th AGM on August 20, 2026.
- Record Date for dividend (if declared) and e-voting is August 13, 2026.
- Board recommended raising funds up to ₹1,000 Crore via debt instruments.
- Recommended appointment of Sri. Mahesh Muralidhar Pai as MD & CEO for 3 years, and re-appointments of two other directors.
Financials
Positive
2026-07-16 15:19
- Net Interest Income ₹1,025 Cr vs ₹833 Cr (▲23.05% YoY)
- Operating Profit ₹592 Cr vs ₹672 Cr (▼11.90% YoY)
- PAT ₹378 Cr vs ₹322 Cr (▲17.39% YoY)
- Gross NPA improved from 3.15% to 1.38% (YoY)
- Net NPA improved from 0.68% to 0.26% (YoY)
Routine
Neutral
2026-07-16 13:42
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