NSE: SOUTHBANK | BSE: 532218

Strong Performer, Under Radar

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29.85 0.26 (0.88%)

34.04% Gain from 52W Low

9.6M NSE+BSE Volume

NSE 19 Sep, 2025 3:31 PM (IST)

7,810.9

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.

25 Oct 2022

29.85

0.88%

Improving trajectory in operating performance sustained for third consecutive quarter

Buy: South Indian Bank Ltd.

Recommendation Target

ICICI Securities Limited

South Indian Bank (SIB), post the onboarding of new MD in Sep’20, focused on growing the balance sheet in a calibrated manner with prime focus on NIM and asset quality.

South Indian Bank Ltd. has gained 24.27% in the last 6 Months

South Indian Bank Ltd.

28 Jan 2022

29.85

0.88%

SOUTH INDIAN BANK LTD

Accumulate: South Indian Bank Ltd.

Target

Geojit BNP Paribas

The bank is currently under transformation stage and key business parameters like advance mix, CASA ratio, asset quality, PCR etc has been showing significant improvement. NII grew 9% QoQ aided by improvement in margins with NIM improving 15bps sequentially to 2.64%. Gross advances displayed a positive trend as it registered a sequential growth of 1.6% led by 7.2% growth in Agri advances. Asset quality improved with GNPA/NNPA at 6.56%/3.52%...

South Indian Bank Ltd. is trading above all available SMAs

South Indian Bank Ltd.

28 Oct 2021

29.85

0.88%

SOUTH INDIAN BANK LTD

Accumulate: South Indian Bank Ltd.

Target

Geojit BNP Paribas

Business parameters like advance mix, CASA ratio, asset quality etc has improved while bank reported dull earnings numbers. NII contracted 20.5% YoY and 2.7% QoQ due to the combined effect of margin contraction and decline in loan book. All segments except Agriculture reported YoY decline during the quarter with corporate declining 24% in line with management strategy and SME declining 10%. Asset quality improved with GNPA/NNPA at 6.65%/3.85%...

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

South Indian Bank Ltd.

28 Jul 2021

29.85

0.88%

SOUTH INDIAN BANK LTD

Hold: South Indian Bank Ltd.

Target

Geojit BNP Paribas

Signs of continuous progress is visible in few operational parameters, however, deteriorating asset quality due to second wave will extend the span of recovery. Deposit grew by 3% YoY supported by 10% YoY increase in retail deposit while bulk deposit reduced by 52%. CASA ratio improved to 30.4% compared to 29.7% in FY21. Advances de-grew by 11% YoY due to second wave impact and...

South Indian Bank Ltd. is trading above all available SMAs

South Indian Bank Ltd.

24 Jul 2021

29.85

0.88%

Q1FY22 Result Update - Pain not over as yet - HOLD

Hold: South Indian Bank Ltd.

Recommendation Target

Prabhudas Lilladhar

Outlook remains grim on MSME & Retail with likely further rise in stress face issue from asset quality with slippages of Rs8.8bn (6% annualized). Bank and on other outlook on asset quality remains grim. Profitability will continue to suffer going ahead with improvement depending on level of slippages. Positives have been (i) deposit franchise has held up with CASA at +30% (up...

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

South Indian Bank Ltd.

26 May 2021

29.85

0.88%

SOUTH INDIAN BANK LTD

Hold: South Indian Bank Ltd.

Target

Geojit BNP Paribas

Continue to remain cautious on asset quality South Indian Bank, is a private sector bank headquartered in Thrissur, Kerala. The bank has 1,315 ATMs and 884 branches, with around 84% of them in South India. Currently, the bank is having a loan book size of ~Rs59,400cr and a deposit base of ~Rs82,700cr. Management is redefining the business strategies and the initial progress was seen in the quarter. Deposit grew by 2% YoY supported by 12% YoY increase in retail...

South Indian Bank Ltd. has gained 24.27% in the last 6 Months

South Indian Bank Ltd.

27 Jan 2021

29.85

0.88%

SOUTH INDIAN BANK LTD

Hold: South Indian Bank Ltd.

Target

Geojit BNP Paribas

South Indian Bank, is a private sector bank headquartered in Thrissur, Kerala. The bank has 1,443 ATMs and 928 branches, with around 84% of them in South India. Currently, the bank is having a loan book size of ~Rs61,602cr and a deposit base of ~Rs83,537cr. Net Interest Margin( NIM) declined to 2.64% in Q3FY21 compared to 2.74% in Q3FY20, fall in interest income due to decline in corporate advances negatively impacted NIM. Retail deposits continue to grow in single digits as a result cost of...

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

South Indian Bank Ltd.

22 Jan 2021

29.85

0.88%

Q3FY21 Result Update - Asset quality issues getting sorted gradually - BUY

Buy: South Indian Bank Ltd.

Prabhudas Lilladhar

SIB reported a loss of Rs951mn (PLe: profit of Rs484mn) on higher provisioning on pro-forma NPAs & enhancing PCR which has been lower than peers. Operating performance was also on weaker side with interest reversals leading to flattish NII growth. Pro-forma slippages were on higher side at Rs13-14bn with slightly more likely to come in Q4 with overall stress guidance...

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

South Indian Bank Ltd.

30 Dec 2020

29.85

0.88%

South Indian Bank: Analyst Meet Note

Not Rated: South Indian Bank Ltd.

IDBI Capital

We attended analyst meet hosted by South Indian Bank (SIB) which showcased its vision for 2024. Management highlighted its strategies for near to long term with focus on 6Cs, launching new product; creating robust operational team supported by technology platform and revamping credit policy with focus on quality. Also, leveraging existing and new talent pool to improve underwriting through training and experts, build strong analytical tools for portfolio, and improve collection through analytics, managing NPA through focus on recoveries and rationalization of branches and ATMs. Bank lays its vision for 2024 with philosophy of Fair to customers, Fair to bank. In Q2FY21, NII grew by 13.5% YoY while PAT declined by 23.0% YoY led...