# South Indian Bank share price today (South Indian Bank Ltd, NSE: SOUTHBANK)

> South Indian Bank share price today: ₹53.96 at the NSE close on 3 November 2026, up 47.4% in a year. South Indian Bank (NSE: SOUTHBANK) is worth ₹14,133 crore, trades at a P/BV of 1.2 and has closed between ₹35.81 and ₹55.49 over the past 52 weeks. > South Indian Bank Ltd's share price has risen faster than its earnings: +47.4% in a year, against +11.6% for earnings per share. SOUTHBANK · Banks - Private · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/south-indian-bank-ltd

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## Key numbers

- Business trend: Growing steadily, from the last 12 quarters
- Price: ₹53.96 (+47.4% in a year)
- P/BV: 1.2× (higher than 97% of the last 11 years)
- Revenue (Sep 2026): ₹2,796 Cr (+16.2% on a year ago)
- Profit (Sep 2026): ₹426 Cr (+21.0% on a year ago)
- Net margin: 15.2% (+0.6 points on a year ago)
- ROE: 14%, FY26
- Gross NPA (bad loans): 2.67% (−1.63 points on a year ago)

The main question: the share price moved +47.4% in a year while yearly earnings per share moved +11.6%. The difference came from the market paying a higher multiple. ## What is the South Indian Bank share price today? South Indian Bank Ltd's share price was ₹53.96 at the close on 3 November 2026. It has been rising for 75 weeks. That is 22.6% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹36 and ₹55, and at that close it sat 92% of the way up from that low. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 10 weeks in a row. Over the last 11 years the share price moved +290% while the NIFTY 500 moved +257%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at South Indian Bank this quarter? Three changes stood out: foreign funds (FIIs) raised their stake for 7 quarters in a row, revenue up on a year earlier for 12 quarters in a row (every quarter we can compare) and profit up on a year earlier for 10 quarters in a row. 1. Foreign funds (FIIs) raised their stake for 7 quarters in a row From 11.5% to 25.6% of the company by the September 2026 quarter. 2. Revenue up on a year earlier for 12 quarters in a row (every quarter we can compare) In the September 2026 quarter revenue was ₹2,796 crore, +16.2% on a year earlier. Why: Revenue rose because the bank made more loans, especially gold loans, which grew 41%. From the earnings call on 16 Oct 2026. 3. Profit up on a year earlier for 10 quarters in a row In the September 2026 quarter profit was ₹426 crore, +21% on a year earlier. Why: Profit rose because the bank earned much more net interest income, what it makes on loans minus what it pays on deposits, and operating profit, the money left after running the bank, jumped from the previous quarter. From the earnings call on 16 Oct 2026. ## What are South Indian Bank's latest quarterly results? For July to September 2026 (the quarter ended 30 September 2026), South Indian Bank reported total income of ₹2,796 crore, up 16.2% from ₹2,407 crore a year earlier, and a profit of ₹426 crore, up 21.0% from ₹352 crore. ### South Indian Bank results: July to September 2026 against a year earlier

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Total income | ₹2,796 crore | ₹2,407 crore | +16.2% |
| Profit | ₹426 crore | ₹352 crore | +21.0% |
| Earnings per share | ₹1.63 | ₹1.34 | +21.6% |
| Net margin | 15.2% | 14.6% | +0.6 points |

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). South Indian Bank's management discussed these results on a call held on 16 October 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 September 2026). Income and profit in ₹ crore.)

## What is the South Indian Bank share price history? South Indian Bank closed at ₹53.96 on 3 November 2026, up 47.4% from ₹36.62 a year earlier (31 October 2025) and up 518.1% over five years. Its highest weekly close since February 2016 was ₹55.49 on 30 October 2026. ### South Indian Bank share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹52.57 | +2.6% |
| 1 month ago · 1 Oct 2026 | ₹47.44 | +13.7% |
| 6 months ago · 30 Apr 2026 | ₹39.46 | +36.7% |
| 1 year ago · 31 Oct 2025 | ₹36.62 | +47.4% |
| 3 years ago · 3 Nov 2023 | ₹23.01 | +134.5% |
| 5 years ago · 4 Nov 2021 | ₹8.73 | +518.1% |
| 10 years ago · 4 Nov 2016 | ₹18.71 | +188.4% |
| Earliest weekly close in our records · 26 Feb 2016 | ₹13.84 | +289.9% |
| Highest weekly close since February 2016, also the 52-week high · 30 Oct 2026 | ₹55.49 | −2.8% |
| Lowest weekly close since February 2016 · 29 May 2020 | ₹4.50 | +1,099.1% |
| 52-week low (weekly close) · 27 Mar 2026 | ₹35.81 | +50.7% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (566 weekly closes from 26 February 2016 to 3 November 2026.)

## What is the latest news on South Indian Bank? 3 Nov 2026: South Indian Bank closed at ₹53.96, up 2.6% on the week and up 13.7% on the month. 16 Oct 2026: South Indian Bank held its results call for July to September 2026. Management guided: FY27 loans and deposits: 15%-16% growth, preferring the upper end or approximately 16% and at least market growth. ### Earlier

- Results for July to September 2026: Total income up 16.2% and profit up 21.0% on a year earlier. - 13 Aug 2026: ex-date for a dividend of ₹0.45 a share. - Our read, 19 Jul 2026: The asset-quality recovery is real and multi-quarter: GNPA fell eight consecutive quarters from 4.96% (Sep 2023) to 1.38% (Jun 2026) through both genuine recoveries and fully-provisioned technical write-offs, with net NPA down to 0.26%. NIM recovered from a 2.80% trough to 3.23% through deposit repricing, 40-60 basis points reduction on high-cost deposits maturing in H1 FY27 and deliberate 50% reduction in bulk deposits. ### Our read of the business

The asset-quality recovery is real and multi-quarter: GNPA fell eight consecutive quarters from 4.96% (Sep 2023) to 1.38% (Jun 2026) through both genuine recoveries and fully-provisioned technical write-offs, with net NPA down to 0.26%. NIM recovered from a 2.80% trough to 3.23% through deposit repricing, 40-60 basis points reduction on high-cost deposits maturing in H1 FY27 and deliberate 50% reduction in bulk deposits. April to June 2026: NIM 3.23% on deposit repricing; GNPA 1.38%, eight-quarter low; profit 378 crore up 17% year-on-year. (Our read after the April to June 2026 results, written 19 July 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.)

## What dividend does South Indian Bank pay? South Indian Bank paid ₹0.45 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 0.83% at the ₹53.96 close on 3 November 2026. The last was a dividend of ₹0.45 a share, ex-date 13 August 2026. ### South Indian Bank dividends since 1 April 2021

| Ex-date | Dividend per share | Type |
| --- | --- | --- |
| 13 Aug 2026 | ₹0.45 | Dividend |
| 13 Aug 2025 | ₹0.40 | Dividend |
| 20 Aug 2024 | ₹0.30 | Dividend |
| 17 Aug 2023 | ₹0.30 | Dividend |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here. 3 of 5 Of the last 5 financial years, years with an NSE dividend record

Yes. South Indian Bank Ltd paid out 8% of its profit as dividends in FY26, and it paid a dividend in 10 of its last 13 reported years. (From the NSE corporate-actions record, read 4 November 2026.)

## What did South Indian Bank management say on the latest results call? On the call for July to September 2026, held on 16 October 2026, South Indian Bank's management guided: FY27 loans and deposits: 15%-16% growth, preferring the upper end or approximately 16% and at least market growth. > “We will not change the structure or strategy. The only point is that wherever small adjustments are required, we will make them.”
> Mahesh Muralidhar Pai, on the call for July to September 2026

### What management guided

- NIM: 336-338 basis points near term and 345-350 basis points over four quarters; treasury mark-to-market sensitivity ₹1.0-1.1 crore per basis point. - ROA: 120-125 basis points within a year, 125-130 basis points medium term and 150 basis points long term. - Portfolio mix: corporate about 35% and RAM 65%; gold share initially 30%-32%, with 35% as a first-phase aim; gold, business/MSME, then personal loans prioritized. - Opex growth below loan growth; cost-to-income moving toward 50%; deposit renewals expected to reprice lower without substantial impact over the next two quarters. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijorifinance.com/insight/india/4280/Conference Call/CC-Oct26.pdf). (From the call for July to September 2026, 16 October 2026.)

## What is the future of South Indian Bank? What is changing in the business? The changes showing up in South Indian Bank's own numbers are fewer bad loans. It is too early to say whether they last. Fewer bad loans too early to call

Bad loans have fallen sharply: gross bad loans went from 4.4% of loans in Sep 2024 to 2.93% in Sep 2025, 2.67% in Dec 2025, 1.43% in Mar 2026 and 1.38% in Jun 2026 (the last two from the summaries; the data has no figure). New bad loans (slippages) fell from about 33 basis points a quarter a year ago to 16, 15 and then 12 basis points, and management guides recoveries of ₹800-1,000 crore against new bad loans of ₹500-800 crore for FY27. Lower provisions are a big part of why expenses including provisions fell ₹303 crore over the last four quarters. Why it may last: This is a credit-cycle benefit: management said in May that credit cost had hit its floor and would rise, and a 17%-growing book with a quarter in gold loans will season. The gain in profit from lower provisions cannot repeat at this size. What could be flattering it: Bad-loan ratios falling only because old bad loans were written off (₹900 crore in March 2025, ₹1,163 crore in FY26) and because the loan book is growing 17% a year, so new loans have not had time to go bad; plus a credit-cost trough that the MD himself said in May could not go lower. Next check: Slippage ratio stays at or below about 15 basis points and credit cost below 15 basis points in July to September 2026, while the ₹80 crore rise in early-stress loans reverses as management claims. Quarter by quarter, 4 quarters

July to September 2025

Gross bad loans 2.93% against 4.4% a year earlier; net bad loans 0.56%. Full-year new bad loans guided at about ₹760 crore (0.8% of loans). ✓ fact

From our notes of the call for July to September 2025: Gross NPA reduced by 147 basis points on a year earlier to 2.9%, and Net NPA reduced to 0.56%. October to December 2025

Gross bad loans 2.67% against 4.3% a year earlier. Of the 163 basis-point fall, 100 came from writing off ₹900 crore in March 2025 and 63 from recoveries beating new bad loans. Slippage ratio fell 17 basis points to 16. ✓ fact

From our notes of the call for October to December 2025: Gross NPA reduction of 163 basis points on a year earlier to 2.67% comprises 100 basis points from March 2025 technical write-off of ₹900 crore and remaining 63 basis points from recoveries exceeding new slippages. January to March 2026

Gross bad loans halved to 1.43% from 3.2%, but most of the fall from 2.67% in December came from a ₹1,048 crore write-off in the March quarter (about 1 percentage point on a ₹1,00,274 crore loan book). New bad loans stayed low at 15 basis points; credit cost was only 3 basis points, which the MD called the bottom. Expenses including provisions were ₹755 crore against ₹981 crore a year earlier. ✓ fact

From our notes of the call for January to March 2026: Technical write-off of ₹1,163 crore (₹1,048 crore in March quarter) required no provision charge. April to June 2026

Gross bad loans 1.38% against 3.15% a year earlier; new bad loans fell further to 12 basis points; recoveries ₹179 crore. Credit cost rose from 3 to 9 basis points and loans flagged as early stress (SMA 1 and 2) rose ₹80 crore, which management calls seasonal. Expenses including provisions ₹897 crore against ₹1,021 crore a year earlier. ✓ fact

From our notes of the call for April to June 2026: Slippage ratio for Q1 at 12 basis points (annualized ~48 basis points); Q1 recoveries ₹179 crore. We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown. (Checked against results and calls up to April to June 2026, 10 October 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.)

## What could change the South Indian Bank story? What are the risks? Rate cycle reverses further downward before remaining high-cost book reprices, T+1 repo pass-through makes any rate cut directly compress NIM ahead of deposit repricing benefits. ### Each change stops working if

- : Rate cycle reverses further downward before remaining high-cost book reprices, T+1 repo pass-through makes any rate cut directly compress NIM ahead of deposit repricing benefits. - : Slippages exceed 1000 crore for the year, particularly from the MSME book if West Asia credit stress materializes in the Kerala/Gulf-dependent customer base, reversing the credit-cost tailwind. - : RBI extends gold loan regulatory restrictions beyond the April 2026 co-lending circular, the gold book at 24% of advances is the single fastest-growing margin contributor, and one adverse regulatory action removes the mechanism. ### The main risks

- : Gold loan concentration at 24% of advances, above the 20% prudential limit management flagged in October 2025, and an adverse April 2026 RBI circular already trimmed co-lending. ✓ fact
- : Three management guidance reversals in two consecutive calls limit forecast reliability for the transition quarter. ✓ fact

(Our read after the April to June 2026 results, written 19 July 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.)

## What to watch in South Indian Bank's next results? When South Indian Bank reports October to December 2026, these are the 5 checks that show whether the story is still on course. First: Slippage ratio stays at or below about 15 basis points and credit cost below 15 basis points in July to September 2026, while the ₹80 crore rise in early-stress loans reverses as management claims. | What to check | Why |
| --- | --- |
| Slippage ratio stays at or below about 15 basis points and credit cost below 15 basis points in July to September 2026, while the ₹80 crore rise in early-stress loans reverses as management claims. | Fewer bad loans |
| Compare loan and deposit growth with the market benchmark; check whether RAM disbursements begin to outpace wholesale. | From the call |
| Track deposit balances after IPO-related inflows and whether bulk funding remains lower than retail without pressuring margins. | From the call |
| Check NIM progression as loan repricing and lower-cost deposit renewals flow through. | From the call |
| Observe whether conservative account-level provisioning normalizes while NPA and SMA indicators remain low. | From the call |

## Which stock lists is South Indian Bank on? South Indian Bank is on 5 of our India lists: Momentum stocks, 52 week high & low, Small & mid cap stocks, Penny stocks and Bank stocks. - [Momentum stocks Market cap cr: 14279.282032798703](https://www.sectoralpha.in/momentum-stocks-india)
- [52 week high & low 52-week position: Near 52-week high](https://www.sectoralpha.in/52-week-high-stocks-india)
- [Small & mid cap stocks Size rank in India: 445](https://www.sectoralpha.in/small-cap-stocks-india)
- [Penny stocks Earnings growth, 12 months (%): 16.76](https://www.sectoralpha.in/penny-stocks-india)
- [Bank stocks Market value (₹ crore): 14279.282032798703](https://www.sectoralpha.in/sectors/bank-stocks-india)

## Is South Indian Bank profitable? South Indian Bank Ltd earned ₹426 Cr of net profit in the Sep 2026 quarter, +21.0% on the same quarter a year earlier. That is the 10th quarter in a row of profit growth. Full-year FY26 profit was ₹1,456 Cr. Over 10 years profit has grown 15.9% a year on average. That is 15.2% of the quarter's revenue. The same quarter a year earlier earned ₹352 Cr. For the full year, FY26 profit was ₹1,456 Cr (+11.7% on the year before). Why profit moved: revenue changed +16.2% on a year earlier and the margin moved +0.6 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed +16.7% and revenue +10.4%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit. FY27-Q1. revenue ₹2,628 Cr and profit ₹378 Cr as reported. FY27-Q2. revenue ₹2,796 Cr and profit ₹426 Cr as reported. Why-sources: our stock research file (19 July 2026) and the company’s own results for those quarters. ## How much revenue does South Indian Bank make, and is it growing? South Indian Bank Ltd reported ₹2,796 Cr of income in the Sep 2026 quarter, +16.2% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 10 years it has grown 5.9% a year on average. The last full year, FY26, came in at ₹9,846 Cr. The last four reported quarters add to ₹10,501 Cr. FY26 revenue was ₹9,846 Cr, +4.6% on the year before. Recent pace: the last four quarters grew +10.4% on average, against 5.9% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +10.4%, against +7.3% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +16.7%, against +14.4% a year (stabilising). FY27-Q1. revenue ₹2,628 Cr and profit ₹378 Cr as reported. FY27-Q2. revenue ₹2,796 Cr and profit ₹426 Cr as reported. Why-sources: our stock research file (19 July 2026) and the company’s own results for those quarters. ## How much does South Indian Bank keep from what it earns? South Indian Bank Ltd's net margin was 15.2% in the Sep 2026 quarter, 0.6 percentage points higher than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 13 years it has been between 0.7% and 14.8%. The latest quarter is above every full year in that period. Why this happened. Deposit repricing completing: high-cost liabilities contracted in FY24-25 are rolling to current rates, reducing funding costs by 40-60 basis points

Why: the net margin move is clear, but the cost details behind it are not in our data, so we show the move without guessing the reason. When margins are at a record, every ratio built on profit looks better than usual, so watch whether they hold. FY27-Q1. revenue ₹2,628 Cr and profit ₹378 Cr as reported. FY27-Q2. revenue ₹2,796 Cr and profit ₹426 Cr as reported. Why-sources: our stock research file (19 July 2026) and the company’s own results for those quarters. ## How many of South Indian Bank's loans have gone bad? South Indian Bank Ltd's gross NPA, the share of loans that have stopped being repaid, is 2.67% in Dec 2025, down from 4.30% a year ago. After the money already set aside for bad loans, 0.45% is left (net NPA). That is the 8th quarter in a row of improvement. Why this happened. GNPA contracted from 4.96% to 1.38% across eight quarters, with technical write-offs of 1163 crore in FY26 fully provisioned. Annual slippages guided at 500-800 crore versus recoveries 800-1000 crore, implying net NPA continues falling. This releases the credit-cost budget that provisioned the legacy book, directly accreting PAT. FY22 credit costs absorbed nearly all PAT at the depth of the cycle; FY27 credit cost at 9 basis points signals that the burden has been eliminated. Across the 9 quarters on file it has been between 2.67% and 4.74%. Falling bad loans mean the loan book is healing; rising ones mean new damage. In Dec 2025, gross NPA was 2.67% and net NPA 0.45%, against 4.30% and 1.25% a year ago. The bad-loan figures stop at Dec 2025, and our data does not yet carry gross and net NPA for the quarters after it, although results up to Sep 2026 are in. They are shown as filed, not estimated. In short: a lender's profit growth is only as good as its loans, and this loan book is healing, several quarters running. Quarterly detail on money set aside for bad loans is not in our data yet, so this shows the levels and the trend, not the cost of the clean-up. Why bad loans moved: recoveries, write-offs and new bad loans all play a part. That split is not in our data, so the page shows the trend without the breakdown. ## How fast is South Indian Bank's loan book growing? South Indian Bank Ltd's revenue was ₹9,846 Cr in FY26, +4.6% on the year before, so the loan book is growing. The latest quarter was +16.2% on a year earlier. The net margin on that income is 15.2%, +0.6 percentage points on a year ago. Why this happened. Management confirmed retail and MSME spreads are 3-4x higher than corporate counterparties per. Gold loans grew 43% year-on-year to 24,930 crore; mortgages +34%, auto +34%, MSME +18%. The corporate book at 40% of advances versus a 30% goal provides 10 percentage points of runway for mix improvement. As corporate loans roll off, each reinvestment into retail or MSME improves the blended spread. Interest income stands in for the size of the loan book; changes in interest rates can move it a few points in any year. In short: a lender grows well when its loan book grows, its margin stays steady and its loans stay clean. Gross NPA is the loan-quality figure this page uses. ## What is South Indian Bank's P/BV ratio, and how does it compare with its own history? South Indian Bank Ltd's P/BV is 1.2×, near the high end of its own history: higher than 97% of past readings. Its usual P/BV (the middle reading) is 0.8×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year book value grew while the price moved +47.4%. The price ran ahead of book value, which pushed the multiple up within its own range. Where the price move came from: over 5 years the price moved +43.9% a year; about +16.6% a year came from book-value growth and about +27.3 percentage points from the multiple (the market paying more). The split is approximate (price return minus book-value growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is high against its own past, so the book value trend underneath matters more than the multiple. ## What growth does the South Indian Bank share price assume? Worked out from its price on 11 October 2026, South Indian Bank Ltd's share price assumed profit growth of about 1.2% a year. Over the past 10 years its profit actually grew 15.9% a year. Today its P/BV is 1.2×, higher than 97% of its own last 11 years. This is a one-day reading, taken on 11 October 2026. Every other number on this page, the multiple included, uses the latest price as of 3 November 2026. A higher price assumes more growth and a lower price less, so it changes whenever the price changes, and this page does not update it between measurements. ## Is the South Indian Bank business getting better or worse? South Indian Bank Ltd's business is growing steadily. Revenue, profit and EPS growth have stayed positive throughout, and ROE is steady at 13.1%. This is based on 12 quarters of 4 measures. Why it matters: steady growth with healthy returns is how a business compounds over time. ## What is the South Indian Bank story, and has it been checked? South Indian Bank Ltd's story is not scored yet against the checks our research set on 19 July 2026. Where it sits in its own cycle: Not stated in the research file. What is proven. See the research file

What would change our mind. Separately, if the incoming MD materially reverses the mix-shift strategy (accelerating corporate book beyond 40% rather than winding it down, or abandoning the MSME scaling) without demonstrated ROE improvement to at least 15% within two quarters of taking charge, the…

What the surface reading misses. The surface reading is: NPA has fallen, asset quality improving The research reads it further: The fall reflects both genuine recoveries (179 crore in Q2 FY27) and technical write-offs (1163 crore in FY26 fully provisioned per). The net NPA falling to 0.26% is the cleaner signal, write-offs reclassify already-provisioned stock, while NNPA falling confirms genuine resolution. Eight consecutive quarters rules out seasonal patterns. Sources: our stock research file (19 July 2026) · quarterly results through Sep 2026 · the company’s own earnings calls. The story check is re-scored every results season; the record below never changes. ## Did South Indian Bank management deliver what it promised? What South Indian Bank Ltd's management promised, against what actually happened: 4 promises on the record. Read straight from the company’s own earnings calls. A promise that slipped stays on this page after it is met. Corporate Book Reduction Pivot · 17 July 2026. In the May 2026 call, management reaffirmed the long-term goal of reducing the corporate book to one-third of the portfolio, with plans to increase MSME contribution. However, in the Jul 2026 call, management reversed this stance by stating the bank would continue to look for corporate opportunities due to geopolitical uncertainty, putting the portfolio de-risking strategy paused. Credit Cost Trajectory Reversal · 17 July 2026. The May 2026 call explicitly guided that both slippages and credit costs had troughed and should trend upwards due to geopolitical stresses. The Jul 2026 call presented a materially improved outlook, projecting credit costs would moderate with recoveries exceeding slippages for the full year. Branch Expansion Restart · 17 July 2026. In the Oct 2025 call, management indicated branch expansion would not be a focus and any growth would be very calibrated. The Jul 2026 call announced a restart of the branch rollout, indicating the bank has now completed its consolidation phase and is entering a new growth phase without explicitly linking this shift to the changed strategic context. Gold Loan Concentration - Signaled Restraint vs. Accelerated Expansion · 7 May 2026. In the Oct 2025 call, management flagged gold loans had reached 20.4% of the advances book and were approaching prudential limits, signaling a future pullback. The May 2026 call reveals the gold book grew 46% for full year FY26, with the portfolio now representing approximately 24.7% of gross advances - up from 20.4% - and management offered no explanation for why the signaled restraint did not materialize. Every quote above is taken word for word from the company’s own earnings calls. ## How much does South Indian Bank earn on its equity and assets? South Indian Bank Ltd earned a return on equity of 14% in FY26. Its lowest yearly reading on file was 1% in FY21. On its assets, every ₹100 earned about ₹1.08, before the effect of borrowing. For a lender the balance sheet is the business, so the return on equity and on assets have to be read together. That is above the level a bank needs to grow its net worth steadily. Why ROE moved: profit grew 15.9% a year over 10 years while net worth grew more slowly. When earnings recover faster than net worth builds up, ROE climbs off its low. ## Does South Indian Bank have too much debt? For a bank, borrowing is the raw material of the business, not a warning sign: it borrows money in order to lend it out. Its safety is read through its returns and its loans. Its safety is read from the bad-loan figures and the return on equity instead. For a manufacturer, debt is a claim on its profits. For a lender it is the stock it trades in, so the usual debt-to-equity test would mislead and is not used here. ## What is the South Indian Bank shareholding pattern? Foreign institutions raised their stake in South Indian Bank Ltd by 14.1 percentage points over 8 quarters, the biggest change among its owners. Foreign institutions now own 25.6% of the company. Domestic institutions moved +11.5 points over the same period, to 16.8%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Why the owners changed: foreign institutions drove it (+14.1 points), together with domestic institutions (+11.5 points). They raised their stake step by step. ## How far is South Indian Bank from balance-sheet trouble? For South Indian Bank Ltd, the Z-score is not used, because it was built for manufacturers, not lenders. For a lender, safety is read from its capital and bad-loan figures instead. ## How does South Indian Bank rank in its industry? 65.0 out of 100, rank 3 of 18 in Banks - Private, with 93% of the evidence available. South Indian Bank Ltd scores 65.0 out of 100 against the 18 companies it is compared with in Banks - Private, ranking 3. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 19 + 13.3 + 12.9 + 19.8 = 65. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if ROA turns down or gross NPA rises while the share price lags its sector. ## Which companies is South Indian Bank compared with? South Indian Bank ranks 3 of 18 Banks - Private companies on the 4-Factor Sector Score, with 65.0 out of 100. 1. [Karur Vysya Bank Ltd](https://www.sectoralpha.in/stocks/karur-vysya-bank-ltd) KARURVYSYA · leader · Most evidence points up · 100% evidence 77.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.1/35 · Income 15.4% · Profit 40.6% · 100% evidence Capital efficiency 23.3/25 · ROA 2% · ROE 19.1% · GNPA 0.7% · 100% evidence Valuation 9.4/20 · P/BV 2.24× · P/BV÷ROE 0.12 · 100% evidence Relative strength 18.0/20 · Lead over its industry 15% · Lead over NIFTY 500 24.7% · 1 year 46.5% · 100% evidence · 12 of 12 weeks ahead Exact sum: 27.1 + 23.3 + 9.4 + 18 = 77.8 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Tamilnad Mercantile Bank Ltd](https://www.sectoralpha.in/stocks/tamilnad-mercantile-bank-ltd) TMB · losing its lead · Most evidence points up · 100% evidence 74.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.9/35 · Income 18.8% · Profit 30% · 100% evidence Capital efficiency 22.7/25 · ROA 2.1% · ROE 14% · GNPA 0.6% · 100% evidence Valuation 12.7/20 · P/BV 1.18× · P/BV÷ROE 0.08 · 100% evidence Relative strength 12.8/20 · Lead over its industry 11.2% · Lead over NIFTY 500 19.7% · 1 year 60.5% · 100% evidence · 11 of 12 weeks ahead Exact sum: 25.9 + 22.7 + 12.7 + 12.8 = 74.1 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 3. South Indian Bank Ltd this page SOUTHBANK · breaking out · Most evidence points up · 93% evidence 65.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.0/35 · Income 10.4% · Profit 16.7% · 100% evidence Capital efficiency 13.3/25 · ROA 1.1% · ROE 13.5% · GNPA n/a · 72% evidence Valuation 12.9/20 · P/BV 1.2× · P/BV÷ROE 0.09 · 100% evidence Relative strength 19.8/20 · Lead over its industry 25% · Lead over NIFTY 500 35.6% · 1 year 51.5% · 100% evidence · 10 of 12 weeks ahead Exact sum: 19 + 13.3 + 12.9 + 19.8 = 65 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [City Union Bank Ltd](https://www.sectoralpha.in/stocks/city-union-bank-ltd) CUB · leader · Evidence leans up · 100% evidence 62.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.7/35 · Income 22.6% · Profit 23.3% · 100% evidence Capital efficiency 16.8/25 · ROA 1.4% · ROE 13.2% · GNPA 1.4% · 100% evidence Valuation 11.1/20 · P/BV 1.89× · P/BV÷ROE 0.14 · 100% evidence Relative strength 12.9/20 · Lead over its industry -0.7% · Lead over NIFTY 500 8.2% · 1 year 24.9% · 100% evidence · 11 of 12 weeks ahead Exact sum: 21.7 + 16.8 + 11.1 + 12.9 = 62.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [Karnataka Bank Ltd](https://www.sectoralpha.in/stocks/karnataka-bank-ltd) KTKBANK · leader · Evidence leans up · 100% evidence 62.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.9/35 · Income 4.7% · Profit 35.4% · 100% evidence Capital efficiency 11.7/25 · ROA 1.1% · ROE 10.4% · GNPA 2.3% · 100% evidence Valuation 14.0/20 · P/BV 0.81× · P/BV÷ROE 0.08 · 100% evidence Relative strength 15.8/20 · Lead over its industry 14.9% · Lead over NIFTY 500 23.3% · 1 year 67.3% · 100% evidence · 12 of 12 weeks ahead Exact sum: 20.9 + 11.7 + 14 + 15.8 = 62.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Dhanlaxmi Bank Ltd](https://www.sectoralpha.in/stocks/dhanlaxmi-bank-ltd) DHANBANK · turning · Evidence leans up · 100% evidence 60.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 30.9/35 · Income 23.1% · Profit 67.9% · 100% evidence Capital efficiency 7.3/25 · ROA 0.5% · ROE 7.2% · GNPA 1.8% · 100% evidence Valuation 7.8/20 · P/BV 0.8× · P/BV÷ROE 0.11 · 100% evidence Relative strength 14.8/20 · Lead over its industry 5.2% · Lead over NIFTY 500 13.8% · 1 year 18.1% · 100% evidence · 3 of 12 weeks ahead Exact sum: 30.9 + 7.3 + 7.8 + 14.8 = 60.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [DCB Bank Ltd](https://www.sectoralpha.in/stocks/dcb-bank-ltd) DCBBANK · breaking out · Evidence leans up · 100% evidence 60.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.5/35 · Income 10.7% · Profit 25.6% · 100% evidence Capital efficiency 11.1/25 · ROA 0.9% · ROE 12% · GNPA 2.3% · 100% evidence Valuation 16.9/20 · P/BV 0.9× · P/BV÷ROE 0.07 · 100% evidence Relative strength 11.0/20 · Lead over its industry -0.9% · Lead over NIFTY 500 7.8% · 1 year 21.9% · 100% evidence · 11 of 12 weeks ahead Exact sum: 21.5 + 11.1 + 16.9 + 11 = 60.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [ICICI Bank Ltd](https://www.sectoralpha.in/stocks/icici-bank-ltd) ICICIBANK · turning · Evidence leans up · 79% evidence 53.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 11.2/35 · Income 7% · Profit 10.3% · 62% evidence Capital efficiency 19.8/25 · ROA 2.1% · ROE 15.9% · GNPA n/a · 68% evidence Valuation 9.2/20 · P/BV 2.59× · P/BV÷ROE 0.16 · 100% evidence Relative strength 13.4/20 · Lead over its industry -0.8% · Lead over NIFTY 500 8.3% · 1 year 3.9% · 100% evidence · 6 of 12 weeks ahead Exact sum: 11.2 + 19.8 + 9.2 + 13.4 = 53.6 · What this means: Relative strength against the index is 8.3%, and revenue and profit growth are weak. 9. [IDFC First Bank Ltd](https://www.sectoralpha.in/stocks/idfc-first-bank-ltd) IDFCFIRSTB · quiet · Evidence leans up · 73% evidence 52.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 30.4/35 · Income 14.6% · Profit 100% · 86% evidence Capital efficiency 9.5/25 · ROA 1.1% · ROE 3.8% · GNPA n/a · 72% evidence Valuation 3.7/20 · P/BV 1.26× · P/BV÷ROE 0.34 · 100% evidence Relative strength 8.8/20 · Lead over its industry n/a · Lead over NIFTY 500 -2.9% · 1 year -12.1% · 25% evidence · 8 of 12 weeks ahead Exact sum: 30.4 + 9.5 + 3.7 + 8.8 = 52.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [Kotak Mahindra Bank Ltd](https://www.sectoralpha.in/stocks/kotak-mahindra-bank-ltd) KOTAKBANK · breaking out · Evidence leans up · 93% evidence 51.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 11.3/35 · Income 8.4% · Profit 15.6% · 100% evidence Capital efficiency 15.9/25 · ROA 1.9% · ROE 11.4% · GNPA n/a · 72% evidence Valuation 7.3/20 · P/BV 2.36× · P/BV÷ROE 0.21 · 100% evidence Relative strength 17.4/20 · Lead over its industry 9.1% · Lead over NIFTY 500 19.3% · 1 year 9.8% · 100% evidence · 9 of 12 weeks ahead Exact sum: 11.3 + 15.9 + 7.3 + 17.4 = 51.9 · What this means: Relative strength against the index is 19.3%, and revenue and profit growth are weak. 11. [Axis Bank Ltd](https://www.sectoralpha.in/stocks/axis-bank-ltd) AXISBANK · turning · Evidence leans up · 93% evidence 51.5 out of 100 Growth Capital Valuation Relative
12. [Federal Bank Ltd](https://www.sectoralpha.in/stocks/federal-bank-ltd) FEDERALBNK · turning · Evidence leans up · 84% evidence 51.3 out of 100 Growth Capital Valuation Relative
13. [HDFC Bank Ltd](https://www.sectoralpha.in/stocks/hdfc-bank-ltd) HDFCBANK · turning · Evidence leans down · 84% evidence 47.0 out of 100 Growth Capital Valuation Relative
14. [RBL Bank Ltd](https://www.sectoralpha.in/stocks/rbl-bank-ltd) RBLBANK · losing its lead · Evidence leans down · 88% evidence 42.9 out of 100 Growth Capital Valuation Relative
15. [Bandhan Bank Ltd](https://www.sectoralpha.in/stocks/bandhan-bank-ltd) BANDHANBNK · quiet · Evidence leans down · 100% evidence 40.1 out of 100 Growth Capital Valuation Relative
16. [Jammu and Kashmir Bank Ltd](https://www.sectoralpha.in/stocks/jammu-and-kashmir-bank-ltd) J&KBANK · quiet · Evidence leans down · 88% evidence 39.2 out of 100 Growth Capital Valuation Relative
17. [Yes Bank Ltd](https://www.sectoralpha.in/stocks/yes-bank-ltd) YESBANK · quiet · Evidence leans down · 100% evidence 38.5 out of 100 Growth Capital Valuation Relative
18. [IndusInd Bank Ltd](https://www.sectoralpha.in/stocks/indusind-bank-ltd) INDUSINDBK · quiet · Most evidence points down · 89% evidence 28.7 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. Financial companies use P/BV÷ROE and asset quality; PEG, industrial OPM and ROCE are excluded. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Banks - Private](https://www.sectoralpha.in/sectors/banks-private), all 18 compared on one page. ## Which companies are close to South Indian Bank in size? South Indian Bank is the 13th largest of 18 Banks - Private companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Karur Vysya Bank, Bandhan Bank and City Union Bank. Just below it: Jammu and Kashmir Bank, Tamilnad Mercantile Bank and Karnataka Bank. ### Banks - Private companies close in size

1. [Karur Vysya Bank Ltd](https://www.sectoralpha.in/stocks/karur-vysya-bank-ltd) ₹34,419 crore
2. [Bandhan Bank Ltd](https://www.sectoralpha.in/stocks/bandhan-bank-ltd) ₹24,865 crore
3. [City Union Bank Ltd](https://www.sectoralpha.in/stocks/city-union-bank-ltd) ₹21,223 crore
4. South Indian Bank Ltd ₹14,536 crore
5. [Jammu and Kashmir Bank Ltd](https://www.sectoralpha.in/stocks/jammu-and-kashmir-bank-ltd) ₹12,905 crore
6. [Tamilnad Mercantile Bank Ltd](https://www.sectoralpha.in/stocks/tamilnad-mercantile-bank-ltd) ₹12,689 crore
7. [Karnataka Bank Ltd](https://www.sectoralpha.in/stocks/karnataka-bank-ltd) ₹11,284 crore

[All 18 Banks - Private companies, largest first](https://www.sectoralpha.in/sectors/banks-private#all-companies)

### Companies close in size in other industries

1. [Shaily Engineering Plastics Ltd](https://www.sectoralpha.in/stocks/shaily-engineering-plastics-ltd) ₹14,580 crore · Plastics - Plastic & Plastic Products
2. [KPIT Technologies Ltd](https://www.sectoralpha.in/stocks/kpit-technologies-ltd) ₹14,536 crore · IT - ER&D
3. South Indian Bank Ltd ₹14,536 crore
4. [Nava Ltd](https://www.sectoralpha.in/stocks/nava-ltd) ₹14,416 crore · Diversified
5. [Honasa Consumer Ltd](https://www.sectoralpha.in/stocks/honasa-consumer-ltd) ₹14,414 crore · New age - Platform - E-Retail

## What else do people ask about South Indian Bank? ### What is South Indian Bank's share price today? South Indian Bank Ltd's share price is ₹53.96, +47.4% over the past year. The whole company is worth ₹14,133 Cr on the market. In the last 52 weeks it traded between ₹36 to ₹55; today it is 92% of the way up from the low, 22.6% above its 200-day average (as of 3 November 2026). ### What were South Indian Bank's latest quarterly results? South Indian Bank Ltd reported total income of ₹2,796 Cr and net profit of ₹426 Cr for the Sep 2026 quarter. Income rose 16.2% and profit rose 21.0% compared with a year earlier. Earnings per share were ₹1.63. Gross NPA stood at 2.67% of the loan book (as of 3 November 2026). ### What is South Indian Bank's market cap? South Indian Bank Ltd's market capitalisation is ₹14,133 Cr at a share price of ₹53.96. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is South Indian Bank performing? South Indian Bank Ltd's share price has been rising for 75 weeks. In its latest quarter, income rose 16.2% and profit rose 21.0% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 10 weeks running (as of 3 November 2026). ### Will South Indian Bank's share price go up? This page does not forecast South Indian Bank Ltd's share price. What it shows instead: the share price is ₹53.96, and it has been rising for 75 weeks. Its P/BV of 1.2× is higher than 97% of its own last 11 years (as of 3 November 2026). ### Where is South Indian Bank in its business cycle? South Indian Bank Ltd's FY26 net margin was 14.8%, against a 13-year range of 0.7% to 14.8%: the top of its range, a record year. When profit is at a record, every ratio looks better than usual, and the story depends on margins staying high. The latest quarter was 15.2%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the South Indian Bank story? The main question: the share price moved +47.4% in a year while yearly earnings per share moved +11.6%. The difference came from the market paying a higher multiple. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is South Indian Bank a stock worth studying right now? What the numbers show: South Indian Bank Ltd's share price has risen faster than its earnings: +47.4% in a year, against +11.6% for earnings per share. The main open question: whether earnings grow into a price that has already moved. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a South Indian Bank share price forecast for 2026? What management itself guided: FY27 loans and deposits: 15%-16% growth, preferring the upper end or approximately 16% and at least market growth. The changes showing up in South Indian Bank's own numbers are fewer bad loans. It is too early to say whether they last. What would change the story: Rate cycle reverses further downward before remaining high-cost book reprices, T+1 repo pass-through makes any rate cut directly compress NIM ahead of deposit repricing benefits. ## Lists

- Momentum stocks: https://www.sectoralpha.in/momentum-stocks-india
- 52 week high & low: https://www.sectoralpha.in/52-week-high-stocks-india
- Small & mid cap stocks: https://www.sectoralpha.in/small-cap-stocks-india
- Penny stocks: https://www.sectoralpha.in/penny-stocks-india
- Bank stocks: https://www.sectoralpha.in/sectors/bank-stocks-india

This is research, not advice. We’re not SEBI-registered.