South India Bank announced a net profit of Rs 130.288 crore in fiscal 2024-2025, with a growth rate of 21.75%, compared with Rs 1070.08 crore in fiscal 2023-2024.
PR Seshadri said the bank achieved its highest business in the bank’s history, with a highest ever Rs 1,9510,411.2 crore and its highest net profit ever at Rs 1,302.88 crore. In banking history, it also earned the highest operating profit of Rs 22,700.8 crore and the highest revenue of Rs 181,343 crore in history.
The bank’s annual operating profit increased by 21.55% from Rs 186.767 crore of Rs 24 in FY24 to Rs 2,270.08 crore in FY25. GNPA dropped 130% of base 4.50%, from Yoyy base to 3.20%, while NNPA dropped to 54 bps, from 1.46% to 0.92% of base. The bank’s press release said PCR, including cancellation, increased from 79.10% to 85.03% base.
During the reporting period, the bank witnessed continued growth in all targeted segments, focusing on obtaining quality assets in verticals such as corporate loans, car loans, home loans and gold loans.
publishing – May 15, 2025 at 11:25 pm ist
