Conference call for Investors/Analysts- Transcript of the Conference call

DEPT : SECRETARIAL REF. No. : SEC/ST.EX.STT/59/2026-27 DATE : July 22, 2026 National Stock Exchange of India Ltd., BSE Ltd. Exchange Plaza, 5th Floor, Department of Corporate Services (Listing), Plot No.C/1, G Block, First Floor, New Trading Wing, Bandra-Kurla Complex, Bandra (E), Rotunda Building, P J Towers, Mumbai – 400 051. Dalal Street, Fort, Mumbai – 400 001. SCRIP CODE: SOUTHBANK SCRIP CODE: 532218 Dear Madam/Sir, Sub: Conference call for Investors/Analysts –Transcript of the Conference Call Pursuant to Regulation 30,46 and all other applicable provisions of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 and in continuation to our letters SEC/ST.EX.STT/48/2026-27 dated July 13, 2026 and SEC/ST.EX.STT/56/2026-27 dated July 17, 2026, we wish to inform you that, the transcript of the conference call for Investors and Analysts held on Friday, July 17, 2026 at 16:00 hrs (IST) is attached herewith and made available on the Bank’s website at www.southindianbank.bank.in under the following link: https://www.southindianbank.bank.in/userfiles/file/sib-q1-fy26-27_earnings_call-transcript.pdf This is for your information and appropriate dissemination. Yours faithfully, (JIMMY MATHEW) COMPANY SECRETARY Encl.: as above The South Indian Bank Ltd., Regd. Office: Thrissur, Kerala Head Office: S.I.B. House, T.B. Road, P.B. No: 28, Thrissur - 680001, Kerala (Tel) 0487-2420 020, (Fax) 91 487-244 2021, e-mail: sibcorporate@sib.bank.in CIN: L65191KL 1929PLC001017, Toll Free (India) 1800-102-9408, 1800-425-1809 (BSNL) www.southindianbank.bank.in “South Indian Bank Limited Q1 FY27 Earnings Conference Call” July 17, 2026 MANAGEMENT: MR. P.R. SESHADRI – MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER – SOUTH INDIAN BANK LIMITED MR. DOLPHY JOSE – EXECUTIVE DIRECTOR – SOUTH INDIAN BANK LIMITED MR. ANTO GEORGE – CHIEF OPERATING OFFICER AND EXECUTIVE VICE PRESIDENT – SOUTH INDIAN BANK LIMITED MR. VINOD FRANCIS – SENIOR GENERAL MANAGER AND CHIEF FINANCIAL OFFICER – SOUTH INDIAN BANK LIMITED MR. JIMMY MATHEW – SENIOR GENERAL MANAGER AND COMPANY SECRETARY – SOUTH INDIAN BANK LIMITED MODERATOR: MR. AMAN – ICICI SECURITIES Page 1 of 15 South Indian Bank Limited July 17, 2026 Moderator: Ladies and gentlemen, good day, and welcome to South Indian Bank Q1 FY27 Earnings Conference Call. This conference call may contain forward-looking statements about the company, which are based on the beliefs, opinions and expectations of the company as on date of this call. These statements are not the guarantees of future performance and involve risks and uncertainties that are difficult to predict. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star then zero on your touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Aman from ICICI Securities. Thank you and over to you, Mr Aman. Aman: Thank you, Renju. Good afternoon, everyone and thanks for joining the call. On behalf of ICICI Securities, we welcome you all to Q1 FY27 Post Earnings Conference Call of South Indian Bank. From management side, we have with us Mr. P. R. Seshadri, Managing Director and CEO; Mr. Dolphy Jose, Executive Director; Mr. Anto George, EVP and Chief Operating Officer; Mr. Vinod Francis, SGM and Chief Financial Officer and Mr. Jimmy Mathew, SGM and Company Secretary, along with other senior executives of the bank. I'll now hand over the conference to management for their opening remarks, post which we can start with the Q&A session. Thank you, and over to you, sir. P. R. Seshadri: Thank you very much, Aman. Good evening to everybody on the call. Thank you very much for joining us for the South Indian Bank Limited Q1 FY '27 Earnings Call. My colleagues, as Aman had mentioned, are with me in the room, and we look forward to our conversation today. Let me preface the conversation that we are going to have subsequently with some of the key highlights from our financial performance for the quarter. The bank declared net profit of INR378 crores for quarter 1 FY '26-'27, registering a growth of 17% compared to INR322 crores in Q1 FY '25-'26. Total deposits grew by 11% to INR125,817 crores from INR112,922 crores on a Y-o-Y basis. Retail deposits, which excludes, bulk deposits, grew by 14%. That is to say that whilst total deposits grew by 11%, retail deposits grew by 14% to INR124,306 crores from INR109,368 crores. Gross Advances grew by 17% to INR104,368 crores from INR89,198 crores. During the last financial year, we had a technical write-off of INR1,163 crores. And if we were to exclude the impact of this, then the Y-o-Y growth is actually 18%. Total business of the Bank grew by 14% to INR230,185 crores. Net interest margin for the quarter was 3.23%. With this, we have clawed back the dip in net interest margin that occurred as a consequence of the repo rate cuts. The net interest margin for the quarter was up sequentially 28 basis points. And on a Y-o-Y basis, the NIM was up 20 basis points. The Bank was able to show a healthy growth in average advances during the period with a growth of 17%. Return on assets at 105 basis points and return on equity at 12.84%. Bank declared the highest ever net interest income in the quarter at INR1,025 crores, which is a growth of 23% compared Page 2 of 15 South Indian Bank Limited July 17, 2026 to INR832 crores registered during Q1 FY '25, '26. It also represents a sequential growth of INR110 crores between Q4 and Q1. Capital adequacy ratio for the bank was at 19.62% and the Tier 1 ratio stands at 18.93% as on June 30, 2026. CASA grew by 15% year-on-year to INR41,496 crores versus the earlier year period amount of INR36,204 crores. Provision coverage ratio, including write-off, improved by 569 basis points to reach 94.51% and PCR, excluding write-off, improved to 81.40% during the year. Overall, gross NPA reduced by 177 basis points from 3.15% to 1.38% on a Y-o-Y basis. Net NPA reduced by 42 basis points from 68 basis points to 26 basis points, again on a Y-o-Y basis. Slippage ratio for the quarter was at 12 basis points, which when annualized comes to 48 basis points. The credit cost for the bank for this quarter was 9 basis points. I'd like to now take you through some other operational and financial performance indicators of the bank. Our focus on MSME loans continues. On a Y-o-Y basis, our business loans, improved to INR14,391 crores from INR12,660 crores. This number includes a INR554 crores charge-off. If you were to exclude the impact of this, that amounts to a growth of 18% on a Y-o-Y basis. The gold loan business grew by 43% and now stands at INR24,930 crores with an average LTV of 65.25% and an average ticket size of INR2.94 lakhs. Mortgage loans, home loans and auto loans are other areas of focus. On a Y-o-Y basis, we were able to achieve 34% growth in mortgage loans, 19% growth in home loans and 34% growth in auto loans. And these numbers exclude the impact of IBPC/DA that we may have entered into. We will continue to maintain the momentum in disbursements and collections in the coming quarters, and we aim to achieve the desired targets that we've set out for ourselves. As many of you know, this is the last conference call that I will be attending in my current capacity as the Managing Director and CEO of South Indian Bank. So before I conclude and open the floor for questions, I'd like to thank all the folks on this call for working together with us as we've built the franchise for South Indian Bank over the last 2 years and 9 months. During this period, we have made a very significant progress in terms of new products, changes to existing products. New systems so that we are able to do business better with our counterparties, significant improvements to our proce [Showing first 8,000 characters — download PDF for full document]