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Kerala-based old private-sector bank offering retail and SME banking, with a strong NRI customer base.
Kerala-based old private-sector bank offering retail and SME banking, with a strong NRI customer base.
Earns mostly from the spread between interest on loans and what it pays on deposits, with gold loans, small-business lending and fees from remittances and cards adding income. Deposits from non-resident Indians, mainly in the Gulf, are an important low-cost funding source. It has roots in Thrissur, Kerala.
Moat: narrow (distribution, brand). Deep-rooted Kerala branch network and NRI remittance relationships built over decades.
Headquarters: Thrissur, India · Founded: 1929 · Employees: 9,147
Size South Indian Bank (SOUTHBANK.NS) is an India Financials company (Major Banks) with a market value of $1.60B, the 441st largest of 1,058 India companies the cockpit tracks. Shares closed at ₹57.75 on 6 Nov 2026.
Performance Over six months the shares gained 38.3%, against +6.2% for the median peer and 0.0% for the India market (cap-weighted) — 2nd highest of 20 in its peer set.
Growth Revenue grew 4.7% over the last twelve months (peer median +14.2%); the operating margin is 37.7% (peer median 28.6%).
Valuation It trades at 1.25× book value against a peer median of 0.98× (9th most expensive of 21).
Price implies The share price implies a return on equity of about 18.3%; South Indian Bank delivers 13.9%, so the price asks more than the business earns today.
Next results Next results expected around 21 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹122B | ₹116B | ₹112B | ₹101B | ₹80.4B |
| Revenue growth | — | +3% | +11% | +26% | — |
| Net income | ₹15.9B | ₹14.6B | ₹13.0B | ₹10.7B | ₹7.75B |
| Free cash flow | n/a | ₹21.7B | ₹24.5B | ₹28.6B | ₹39.1B |
| Capital expenditure | n/a | ₹1.41B | ₹1.58B | ₹1.82B | ₹1.13B |
| Total debt | ₹36.8B | ₹42.8B | ₹46.3B | ₹43.0B | ₹73.4B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| South Indian Bank SOUTHBANK.NS | $1.60B | +38% | +5% | 14% | 1.25× | 18.3% |
| Federal Bank Ltd. (India) FEDERALBNK.NS | $8.81B | +14% | +11% | 13% | 1.97× | 27.7% |
| Karur Vysya Bank KARURVYSYA.NS | $3.80B | +18% | +14% | 21% | 2.32× | 30.7% |
| CSB Bank CSBBANK.NS | $548M | -16% | +16% | 14% | 1.00× | 13.9% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | SOUTHBANK.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +21.7% | -0.5% | highest of 21 |
| 6-month return | +38.3% | +6.2% | 2nd highest of 20 |
| Return on equity | 13.9% | 9.3% | 6th highest of 21 |
| Price / book | 1.25× | 0.98× | 9th most expensive of 21 |
| Trailing P/E | 9.6× | 12.4× | 6th cheapest of 20 |
| ROE the price implies | 18.3% | 8.2% | 2nd most demanding of 21 |
| ROE delivered | 13.9% | 10.5% | 6th highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| South Indian Bank SOUTHBANK.NS | India | $1.60B | +38% | +5% | 14% | 1.25× | 18.3% | 13.9% |
| Pathward Financial CASH | United States | $1.58B | -12% | -1% | 21% | 1.93× | 12.8% | 20.9% |
| Esquire Financial ESQ | United States | $1.57B | +21% | +33% | 11% | 2.00× | 10.2% | 10.5% |
| QCR QCRH | United States | $1.64B | +11% | +3% | 13% | 1.43× | 10.9% | 12.7% |
| CHINA BOHAI BANK 9668.HK | Hong Kong | $1.67B | -23% | -5% | 6% | 0.10× | 3.4% | 5.5% |
| Hope Bancorp HOPE | United States | $1.68B | +6% | +7% | 6% | 0.75× | 7.6% | 5.9% |
| Punjab & Sind Bank PSB.NS | India | $1.52B | -22% | +3% | 11% | 0.99× | 14.8% | 10.7% |
| Inter & INTR | United States | $1.70B | -40% | +51% | 16% | 0.84× | 8.8% | 15.5% |
| Avarda Bank AVARDA.ST | Sweden | $1.47B | +42% | +22% | 26% | 4.29× | 23.7% | 26.0% |
| iM Financial 139130.KS | South Korea | $1.76B | -20% | +24% | 8% | 0.46× | 4.2% | n/a |
| FirstSun Capital Bancorp FSUN | United States | $1.77B | +5% | +45% | 4% | 0.98× | 6.3% | 4.2% |
| Hyakujushi Bank 8386.T | Japan | $1.78B | +4% | +22% | 6% | 0.72× | 6.7% | 5.6% |
| Senshu Ikeda Holdings,Inc 8714.T | Japan | $1.41B | -14% | +29% | 8% | 0.88× | 6.0% | 8.0% |
| Happen HAPN | United States | $1.84B | n/a | +26% | 14% | 1.16× | 14.5% | 13.8% |
| Far Eastern International Bank 2845.TW | Taiwan | $1.88B | +4% | +5% | 7% | 0.87× | 3.2% | 7.4% |
| Toho Bank 8346.T | Japan | $1.32B | +24% | +30% | 7% | 0.92× | 7.2% | 6.6% |
| SpareBank 1 Nord-Norge NONG.OL | Norway | $1.96B | +26% | -4% | 8% | 0.93× | 6.6% | 7.7% |
| City CHCO | United States | $1.99B | +15% | +3% | 16% | 2.55× | 13.9% | 16.4% |
| Old Second Bancorp OSBC | United States | $1.24B | +15% | +22% | 13% | 1.37× | 10.9% | 12.8% |
| Seven Bank 8410.T | Japan | $2.09B | +28% | +3% | 6% | 1.41× | 5.7% | 6.3% |
| OFG Bancorp OFG | United States | $2.15B | +10% | +2% | 17% | 1.60× | 12.0% | 16.6% |