Analysts/Institutional Investor Meet/Con. Call Updates

DEPT : SECRETARIAL REF. No.: SEC/ST.EX.STT/ 124 /2026-27 DATE : October 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/113/2026-27 dated October 08, 2026 and SEC/ST.EX.STT/ 122 /2026-27 dated October 16, 2026, we wish to inform you that, the transcript of the conference call for Investors and Analysts held on Friday, October 16, 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_q2-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 Q2 FY27 Earnings Conference Call” October 16, 2026 MANAGEMENT: MR. MAHESH MURALIDHAR PAI – MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER – SOUTH INDIAN BANK LIMITED MR. DOLPHY JOSE – EXECUTIVE DIRECTOR – SOUTH INDIAN BANK LIMITED MR. ANTO GEORGE T– EXECUTIVE VICE PRESIDENT AND CHIEF OPERATING OFFICER – SOUTH INDIAN BANK LIMITED MR. VINOD FRANCIS – SGM AND CHIEF FINANCIAL OFFICER – SOUTH INDIAN BANK LIMITED MR. JIMMY MATTHEW – SGM AND COMPANY SECRETARY – SOUTH INDIAN BANK LIMITED MODERATOR: MR. AMAN SINGH – ICICI SECURITIES Page 1 of 18 South Indian Bank Limited October 16, 2026 Moderator: Ladies and gentlemen, good day, and welcome to South Indian Bank Q2 FY27 Earnings Conference Call. 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 touch-tone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Aman Singh from ICICI Securities. Thank you, and over to you, Mr. Singh. Aman Singh: Thank you, Ranju. Good afternoon, everyone, and thank you for joining the call. On behalf of ICICI Securities, we welcome you all to Q2 FY27 Post Earnings Conference Call of South Indian Bank. From management side, we have with us Mr. Mahesh Muralidhar Pai, 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. Mahesh Muralidhar Pai: Good evening to all of you, and thank you for joining for the South Indian Bank's Q2 FY27 Earnings Conference Call. I hope I am audible. Moderator: Yes, you are, please go ahead. Mahesh Muralidhar Pai: So we are joined by my colleagues, Mr. Dolphy Jose, Executive Director, Mr. Anto George, EVP and Chief Operating Officer; Mr. A. Sony, Chief General Manager; Vinod Francis, SGM and CFO; Mr. Jimmy Mathew, SGM and Company Secretary, along with other executives. So let me start with the key highlights of the financial performance of the quarter ended September '26. The bank declared the highest of its quarterly net profit of INR426 crores for the Q2 financial year FY '26-'27, registering a growth of 21% compared to INR351 crores in the Q2 of FY '25-'26. The total deposit of the bank grew by 19% to INR1,37,279 crores from INR1,15,635 crores on a Y-o-Y basis. The gross advances of the bank grew by 19% to INR1,09,517 crores from INR92,286 crores on a Y-o-Y basis. During the last financial year, we had done a technical write-off of INR1,163 crores, excluding this Y-o-Y growth translates to 20%. Total business of the bank grew by 19% to INR2,46,796 crores. Net interest margin for the quarter was at 3.33 percentage, which was sequentially up by 10 basis points and on a Y-o-Y basis the NIM was up by 53 basis points. The bank was able to show a healthy growth in the average advances during this period with a growth of 20%. Bank declared a return on asset of 1.08% and an ROE of 14% for the quarter ended Q2 FY '26-'27. Page 2 of 18 South Indian Bank Limited October 16, 2026 Bank declared its highest net interest income for the quarter of INR1,116 crores with a growth rate of 38% compared to INR808 crores during Q2 of FY '25-'26. Capital adequacy of the bank was at 19.40% and the Tier 1 ratio stands at 18.71% as of the half year of September 30, 2026. CASA amount increased by 18% Y-o-Y to INR43,310 crores versus INR36,841 crores. The PCR, the provision coverage ratio, including the write-off improved to 97.84 percentage on Y- o-Y basis. This increased from 90.25%. The PCR, excluding write-off improved to 92.42 percentage from 81.29 percentage during the year. Overall gross NPA reduced by 169 basis points from 2.93 percentage to 1.24 percentage on Y-o-Y basis. Net NPA reduced by 47 basis points from 0.56 percentage to 0.09 percentage on a Y-o-Y basis. The slippage ratio of the quarter was 0.09%. Credit cost of the bank for this quarter was at 0.14 percentage. We'll continue the momentum in the disbursements and collections in the coming quarters to achieve the desired targets. I will also take this moment to thank my previous MD and CEO, who was mainly responsible for this quarter end, Mr. P.R. Seshadri, for this wonderful performance. And with this, we will open the floor for questions. Moderator: Thank you. We will now begin the question-and-answer session. The first question comes from the line of Akshat Agrawal with Nirmal Bang Institutional Equities. Akshat Agrawal: Congrats on a strong set of numbers and many congrats on your new role, wishing you and the bank continued success and greater heights under your new leadership. I have some questions. So firstly, credit cost increased to 60 bps on a calculated basis, and this looks mainly due to the strengthening of the provision coverage ratio to 92% from 81% prior quarter. So what was the rationale for the increasing coverage from already very strong PCR? And if you could also help us with the nonspecific provisions, including general provisions, floating provisions or contingent provisions aside from the specific PCR? Mahesh Muralidhar Pai: Thank you for the compliments first of all. And to answer your question, there are no major concerns as such. If you see the banks, the SMA or the NPA, we are at 1 of the lowest in the entire industry. And for the bank, it is one of the best you can get. So there are no cause of concern for the credit cost to be slightly higher than 0.09% to 0.14%. There is no cause of concern at this point of time. But being conservative, we thought that this provision should be made. And these are not the floating provisions or the specific kind of provisions. These are all account-based provisions which has been made. So there is no specific one-off provision, which is created. I hope I have answered your questions. Akshat Agrawal: Right, sir. So -- but aside from the PCR, do we have like what's -- the provisioning which would incl [Showing first 8,000 characters — download PDF for full document]