SOUTHBANK

The South Indian Bank Limited

NSE BSE
Last Traded Price
₹58.77 0.74 (1.28%)
Open
₹58.03
High
₹59.1
Low
₹57.6
Prev Close
₹58.03
Industry
Private Sector Bank
Market Cap
15375.67 Cr

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Filing History

Recent corporate announcements and filings for SOUTHBANK

Business Update Neutral
2026-11-07 18:50
Concall Schedule Concall Date: November 18, 2026 Concall Time: 13:00 hrs to 17:00 hrs IST
Business Update Neutral
2026-10-30 14:09
- The South Indian Bank Limited has informed about the opening of a new branch. - Branch Name: Attur - Address: 34, NVN Nagar, Vinayagapuram Main Road, Narasingapuram, Attur T K, Salem, Tamil Nadu-636108 - Date of Opening: 30-10-2026
Business Update Neutral
2026-10-29 14:59
- The South Indian Bank Limited has announced the opening of a new branch named Guntur 1 Town. - Branch Address: Door No. 23-5-9, Sy No.1076, Old Union Bank Road, Patnam Bazar, Guntur, Andhra Pradesh-522003. - Date of Opening: October 29, 2026.
Business Update Neutral
2026-10-28 12:34
- The South Indian Bank Limited has informed the exchange about the opening of a new branch. - Branch Name: Smart City, Kochi - Address: Ground floor, G-02, Amenities Block, Lulu IT Infrabuild Pvt. Ltd., Smart City, Kakkanad, Ernakulam-682042 - Date of Opening: October 28, 2026
Governance Neutral
2026-10-26 18:30
- The South Indian Bank Limited has allotted 7,52,831 equity shares of face value Re. 1/- each under the SIB ESOS Scheme - 2008 on October 26, 2026. - Total consideration received from the exercise of stock options across various tranches is Rs. 1,35,33,246.36. - Consequent to this allotment, the issued and subscribed share capital of the bank stands increased to Rs. 2,62,02,56,538.00 divided into 2,62,02,56,538 equity shares.
Business Update Positive
2026-10-22 20:41
Current scenario: - Total deposits grew by 19% YoY to ₹1,37,279 crores and gross advances grew by 19% YoY to ₹1,09,517 crores. - Net Interest Margin (NIM) improved to 3.33%, up 53 bps YoY and 10 bps sequentially. - Gross NPA improved to 1.24% and Net NPA to 0.09%. Changes in trends: - Retail segment is currently outperforming wholesale, with strong traction in gold loans (growing 41% YoY) and MSME segments. - Operating expenses growth is expected to remain lower than loan growth as the bank expands branches and workforce judiciously. Management Guidance & Outlook: - Maintained loan and deposit growth guidance of 15% to 16% for FY27, aiming for the higher end of the range. - Medium-term ROA target set at 1.25% to 1.30%, with a long-term goal of 1.5%. - Aiming to gradually increase the share of retail, agri, and MSME (RAM) to 65% and gold loans to 30%-32% of the portfolio.
Business Update Neutral
2026-10-17 15:33
- The South Indian Bank Limited has revised its Marginal Cost of Funds Based Lending Rates (MCLR) for multiple tenors. - The new rates are effective from October 20, 2026. - Overnight MCLR is set at 8.20% and One-year MCLR at 9.50%.
Business Update Neutral
2026-10-16 19:24
- The South Indian Bank Limited informed the exchanges about the availability of the audio recording for the quarterly earnings conference call held on October 16, 2026. - The recording has been uploaded to the bank's official website.
Routine Neutral
2026-10-16 12:12
- The South Indian Bank Limited has submitted newspaper publications regarding the Unaudited Financial Results (Standalone and Consolidated) for the quarter/half year ended September 30, 2026. - The advertisements were published in "Business Line" (All India editions) and "Deepika" (Thrissur & Kochi editions) on October 16, 2026. - The information is also made available on the bank's official website.
Governance Neutral
2026-10-15 21:10
- The South Indian Bank Limited announced changes in Senior Management Personnel due to operating and reporting structural changes. - Mr. Anto George T is re-designated from Executive Vice President & COO to Executive Vice President & Chief Business Officer, effective November 01, 2026. - Mr. Nandakumar G is moved from Head of Internal Audit and Chief of Internal Vigilance to Head- Banking Operations Group, effective October 16, 2026. - Mr. Vijith S is appointed as Head of Internal Audit, and Ms. Rekha V R is appointed as Chief of Internal Vigilance.
Governance Neutral
2026-10-15 20:58
- The Board of Directors approved designating "SIB Tower, Kakkanad, Ernakulam, Kerala" as the new Corporate Office of the Bank. - There is no change in the Registered/Head Office, which remains at T.B. Road, Thrissur. - The board meeting commenced at 11:00 AM and concluded at 07:30 PM on October 15, 2026.
Financials Positive
2026-10-15 20:47
Q2 FY27 Consolidated Total Income: ₹3,263.80 Cr vs ₹2,922.57 Cr (▲11.7% YoY) Operating Profit: ₹732.76 Cr vs ₹535.85 Cr (▲36.7% YoY) Net Profit (PAT): ₹426.34 Cr vs ₹351.59 Cr (▲21.3% YoY) Gross NPA improved to 1.24% vs 2.93% YoY; Net NPA declined to 0.09% vs 0.56% YoY CRAR (Capital Adequacy) stood strong at 19.40% vs 17.70% YoY
Business Update Positive
2026-10-15 15:31
- Investor presentation released for Q2 FY27 results. - PAT rose to ₹426 Cr vs ₹351 Cr YoY; NIM improved to 3.33% from 2.80%. - Gross Advances reached ₹1,09,517 Cr; Deposits stood at ₹1,37,279 Cr. - Asset quality improved with GNPA dropping to 1.24% from 2.93% YoY.
Business Update Positive
2026-10-15 14:43
- Q2 FY27 Net Profit rose 21.28% YoY to ₹426.13 Cr. - Net Interest Income up 38% YoY to ₹1,116 Cr; NIM improved to 3.33%. - Asset quality improved: GNPA reduced to 1.24% (vs 2.93% YoY) and NNPA dropped to 0.09%. - Gross Advances grew 18.67% YoY to ₹1,09,517 Cr.
Financials Neutral
2026-10-15 13:25
- The South Indian Bank Limited submitted the outcome of its Board Meeting. - Approved and submitted unaudited financial results for the quarter and half-year ended September 30, 2026.
Business Update Neutral
2026-10-08 20:21
Concall Schedule Concall Date: October 16, 2026 Concall Time: 16:00 hrs (IST)
Governance Neutral
2026-10-03 18:34
- The South Indian Bank Limited submitted intimation under Regulation 6(1) and 7(1) of SEBI LODR Regulations, 2015. - Details regarding the Company Secretary and Compliance Officer (Jimmy Mathew) and RTA (MUFG Intime India Private Limited) for the quarters up to September 2026 were provided.
Business Update Positive
2026-10-01 16:42
- Gross Advances stood at ₹1,09,519 Crore for the quarter ended September 30, 2026, registering a YoY growth of 18.67%. - Total Deposits rose to ₹1,37,258 Crore, reflecting an 18.70% YoY increase. - CASA deposits reached ₹43,310 Crore with a CASA ratio of 31.55%.
Governance Neutral
2026-09-30 20:26
- Mr. Mahesh Muralidhar Pai has been appointed as the Managing Director & CEO of The South Indian Bank Limited for a period of three years, effective October 1, 2026. - The appointment has been approved by the RBI and the bank's shareholders. - He succeeds Mr. P R Seshadri, who demitted office upon the completion of his tenure on September 30, 2026.
Governance Neutral
2026-09-30 20:26
- Mr. Mahesh Muralidhar Pai has been appointed as the Managing Director & CEO of The South Indian Bank Limited for a period of three years effective October 1, 2026. - Mr. P R Seshadri demitted office as MD & CEO on September 30, 2026, upon the completion of his tenure.
Governance Neutral
2026-09-30 20:17
- Mr. Mahesh Muralidhar Pai has been appointed as the new Managing Director & CEO of The South Indian Bank Limited for a term of 3 years effective from October 1, 2026. - Mr. Pai takes over following the retirement of the outgoing MD & CEO, Mr. P R Seshadri, upon the completion of his tenure on September 30, 2026. - Mr. Pai brings nearly three decades of banking experience, previously serving as Chief General Manager at Canara Bank.
Governance Neutral
2026-09-30 20:17
- Mr. P R Seshadri demitted office as Managing Director & CEO on September 30, 2026, upon completion of his tenure. - Mr. Mahesh Muralidhar Pai has been appointed as the new Managing Director & CEO for a tenure of 3 years effective from October 1, 2026. - Mr. Mahesh Muralidhar Pai brings nearly 3 decades of banking experience, previously serving as Chief General Manager at Canara Bank.
Business Update Neutral
2026-09-29 18:42
- Intimation of Analyst/Investor Meeting held on September 29, 2026. - Met with Unifi Capital in a one-on-one virtual meeting. - No Unpublished Price Sensitive Information (UPSI) was shared during the interaction.
Business Update Negative
2026-09-26 21:19
- The South Indian Bank Limited has been informed about a proposed strike by the United Forum of Bank Unions (UFBU) from September 28, 2026, to September 30, 2026. - Normal functioning of bank branches, offices, and departments may be affected if the strike materializes. - ATMs and digital channels will continue to function normally. - The expected quantum of loss or damages and impact on operations are not quantifiable at this stage.
Routine Neutral
2026-09-25 19:40
- Trading window closed from Thursday, October 1, 2026, for Directors, designated employees, and connected persons. - Closure remains effective until 48 hours after the declaration of Q2 FY27 unaudited financial results for the quarter ending September 30, 2026.
Governance Neutral
2026-09-25 19:29
- The South Indian Bank Limited has granted 5,30,916 options under the SIB ESOS Scheme-2008 to Sri. P R Seshadri, MD & CEO. - The grant is part of the non-cash variable pay for FY 2025-26, approved by the RBI and the bank's board on September 25, 2026. - The exercise price is set at ₹23.54 per option, representing a 50% discount on the market price of ₹47.08.
Governance Neutral
2026-09-24 19:43
- The Nomination and Remuneration Committee of The South Indian Bank Limited allotted 2,02,639 equity shares of face value Re. 1/- each on September 24, 2026, pursuant to the exercise of stock options under the SIB ESOS Scheme – 2008. - Total amount received from the exercise of options across Tranches 13, 14, and 15 is Rs. 43,28,148.80. - Consequently, the issued and subscribed share capital of the bank increased to Rs. 2,61,95,03,707.00 divided into 2,61,95,03,707 equity shares.
Business Update Positive
2026-09-24 15:21
- The South Indian Bank Limited has informed about the opening of a new branch named Hebbal (1063) located at Sahakara Nagar, Bangalore. - Branch opening date is scheduled for September 24, 2026. - Intimation is made pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015.
Business Update Neutral
2026-09-23 19:29
- Intimation of Analyst/Investor Meeting held on September 23, 2026. - Meetings were conducted with ICICI Securities, SBI Mutual Fund, Nirmal Bang Institutional Equities, and Kotak Asset Management Co. Ltd. - No Unpublished Price Sensitive Information (UPSI) was shared during these meetings.
Business Update Positive
2026-09-23 12:46
- South Indian Bank announced the opening of a new branch at Vridhachalam, Cuddalore District, Tamil Nadu. Its scheduled opening date is September 23, 2026.
Business Update Neutral
2026-09-22 20:37
- The South Indian Bank Ltd. participated in the 'Anand Rathi Annual Flagship Conference G-200 Summit 2026 Investor Conference' on September 22, 2026. - Representatives interacted with 17 institutional investors/analysts at Taj, Santacruz, Mumbai. - No unpublished price sensitive information (UPSI) was shared during the conference.
Governance Positive
2026-09-18 14:57
- South Indian Bank appointed Mr. Ananth Babu as Senior General Manager and Head Credit Card, effective September 18, 2026, for a period of three years. - Mr. Babu has over 24 years of experience in retail banking, cards, payments, and digital transformation.
Business Update Positive
2026-09-17 11:08
- South Indian Bank announced the opening of a new branch at Ambattur O. T, Chennai, Tamil Nadu. - The branch will open on September 17, 2026.
Business Update Neutral
2026-09-16 19:19
- Concall Schedule - Concall Date: September 22, 2026 - Concall Time: 14:00 hrs (IST) to 17:00 hrs (IST) - The South Indian Bank Ltd. will participate in the Anand Rathi Annual Flagship Conference G-200 Summit 2026 Investor Conference. - No Unpublished Price Sensitive Information (UPSI) will be shared during the meeting.
Business Update Positive
2026-09-16 18:29
- South Indian Bank announced the opening of a new branch. - The new branch is located at Patamata, Vijayawada, Andhra Pradesh. - The branch is scheduled to open on September 16, 2026.
Governance Neutral
2026-09-16 08:44
- Mr. Mahesh Muralidhar Pai (DIN: 09164982) appointed as Officer on Special Duty (OSD) from September 16, 2026, to September 30, 2026. - He will assume charge as MD & CEO of the Bank from October 1, 2026.
Business Update Negative
2026-09-10 19:07
- A one-day nationwide bank strike called by United Forum of Bank Unions is scheduled for September 11, 2026. - The strike may affect normal functioning of bank branches/offices, but ATMs and digital channels will remain operational.
Governance Neutral
2026-08-31 18:36
- Mr. Sanchay Kumar Sinha, CGM & Head – Unsecured Assets & Wealth Management, retired from the bank effective August 31, 2026, upon completion of his term of appointment. The bank is well-positioned to ensure continuity in management.
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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