NSE: SOUTHBANK | BSE: 532218

Strong Performer, Under Radar

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28.59 -0.08 (-0.28%)

28.38% Gain from 52W Low

9.3M NSE+BSE Volume

NSE 05 Sep, 2025 3:31 PM (IST)

7,481.2

Market Cap

Low in industry

1.0

Beta 1Year

Average volatility

South Indian Bank Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for SOUTHBANK, BSE:532218 South Indian Bank Ltd.

South Indian Bank Ltd.

27 Mar 2024

28.59

-0.28%

South Indian Bank

Buy: South Indian Bank Ltd.

ICICI Direct

FII/FPI have increased holdings from 11.96% to 17.58% in Jun 2025 qtr.

South Indian Bank Ltd.

13 Feb 2024

28.59

-0.28%

SOUTH INDIAN BANK LTD

Accumulate: South Indian Bank Ltd.

Recommendation Target

Geojit BNP Paribas

South Indian Bank Ltd. is trading below its 30 day SMA of 29.5

South Indian Bank Ltd.

22 Oct 2023

28.59

-0.28%

Strong quarter; transformational journey to re-accelerate under the incumbent MD&CEO

Buy: South Indian Bank Ltd.

Target

ICICI Securities Limited

Despite muted loan growth, South Indian Bank (SIB) reported a strong Q2FY24 with PAT at INR 2.75bn (97bps RoA), driven by benign credit costs while asset quality improved. In the last three years, SIB has come a long way and we believe the ongoing transformation journey should re-accelerate under Mr Seshadri.

South Indian Bank Ltd. is trading below its 30 day SMA of 29.5

South Indian Bank Ltd.

21 Aug 2023

28.59

-0.28%

RBI approves candidature of Mr P R Seshadri as MD &CEO

Buy: South Indian Bank Ltd.

Target

ICICI Securities Limited

The RBI has approved the candidature of Mr P R Seshadri (ex MD & CEO of Karur Vysya Bank) as MD & CEO of South Indian Bank (SIB) for three years with effect from 1st Oct’23. In our view, Mr Seshadri was instrumental in putting new-age lending practices, overhauling risk architecture and transforming HR practices at Karur Vysya Bank (KVB) during his term (Sep’17-Mar’20), a time when the banking system was undergoing severe profitability pressure due to corporate asset quality cycle.

Institutional Investors have increased holdings from 22.38% to 28.68% in Jun 2025 qtr.

South Indian Bank Ltd.

23 Jul 2023

28.59

-0.28%

Soft quarter; all eyes on new MD & CEO

Buy: South Indian Bank Ltd.

Target

ICICI Securities Limited

Despite healthy other income, South Indian Bank (SIB) reported weak Q1FY24 PAT at INR 2.0bn, pulled down by 33 bps decline in NIM, rise in staff costs and jump in provisions on the back of massive write-offs. Corporate book has risen massively by 17% QoQ, putting pressure on NIM as well.

Institutional Investors have increased holdings from 22.38% to 28.68% in Jun 2025 qtr.

South Indian Bank Ltd.

03 Jul 2023

28.59

-0.28%

South Indian Bank

Buy: South Indian Bank Ltd.

ICICI Direct

Number of FII/FPI investors increased from 150 to 179 in Jun 2025 qtr.

South Indian Bank Ltd.

31 May 2023

28.59

-0.28%

SOUTH INDIAN BANK LTD

Buy: South Indian Bank Ltd.

Recommendation Target

Geojit BNP Paribas

South Indian Bank Ltd. has an average target of 38.67 from 3 brokers.

South Indian Bank Ltd.

14 May 2023

28.59

-0.28%

Strong quarter; management succession is a key monitorable

Buy: South Indian Bank Ltd.

Target

ICICI Securities Limited

Led by NIMs uptick, negative net slippages and strong other income (including lumpy TWO recovery), South Indian Bank (SIB) has reported strong Q4FY23 with PAT of Rs3.34bn and annualised RoAs at 1.26%. FY23 has been one of the strongest years for the bank with highest-ever business, record disbursement and highest ever tier 1.

South Indian Bank Ltd. is trading below its 30 day SMA of 29.5

South Indian Bank Ltd.

27 Jan 2023

28.59

-0.28%

One-off provision marred earnings, but underlying business trends continue to impress

Buy: South Indian Bank Ltd.

Target

ICICI Securities Limited

South Indian Bank (SIB), post the onboarding of new MD in Sep’20, continues to deliver in line with its Vision 2025 programme. It focused on growing the balance sheet in a calibrated manner with emphasis on NIMs and asset quality.