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Credit cost normalization
View Risks →South Indian Bank Ltd — Q4 FY26
South Indian Bank reported a strong Q4 FY26 with net profit of ₹408 crore (up 19% YoY) and full-year PAT of ₹1,455 crore (up 12% YoY).
bullish
high
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South Indian Bank reported a strong Q4 FY26 with net profit of ₹408 crore (up 19% YoY) and full-year PAT of ₹1,455 crore (up 12% YoY). Asset quality improved sharply: gross NPA fell 177 bps YoY to 1.43% and net NPA to 0.29%. Slippage ratio was a record low 15 bps for the quarter. Growth was driven by a 46% surge in gold loans (now ₹24,729 crore) and a shift toward retail/MSME. NIM improved to 2.95% on better mix. Management guided for 15-16% loan growth in FY27 and expects NIM to widen further. Key risk: credit costs may rise from current unsustainably low levels (3 bps this quarter) due to geopolitical uncertainties.
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Gross NPA
1.43%
-177 bps YoY
Improved from 3.20% a year ago, reflecting strong asset quality.
Net NPA
0.29%
-63 bps YoY
Net NPA below 30 bps, a multi-year low.
Slippage Ratio (Q4)
15 bps
Not annualized
Record low slippage for the quarter, indicating strong underwriting.
Gold Loan Book
₹24,729 crore
+46% YoY
Gold loan growth driven by branch expansion and higher gold prices.
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Guidance and risk preview
Management aims to grow advances at 15-16% in FY27, matching or exceeding industry growth.
Credit cost was only 3 bps in Q4, unsustainably low.
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