Archive · 1 Aug 2025
South Indian Bank Credit Rating Upgraded to AA- Stable
South Indian Bank received a credit rating upgrade from CARE Ratings, meaning the bank is now considered more financially sound.
The rating for its Basel III Tier II debt increased to AA- Stable.
This is due to improvements in the bank's financial health and asset quality over the last three years.
The bank's profits and asset quality have improved, and another agency, India Ratings, also upgraded the bank's credit rating.
The bank is expected to grow at par with the industry.
CARE Ratings upgraded South Indian Bank's Basel III Tier II debt.
The rating improved from CARE A+ Stable to CARE AA- Stable.
The upgrade reflects improvements in the bank's financial risk profile and asset quality.
ROTA increased to 1.08% for FY25, and net NPA to net worth improved.
India Ratings also upgraded the bank's Basel III Tier II debt.
- Who
- CARE Ratings, India Ratings, and South Indian Bank.
- What
- CARE Ratings upgraded South Indian Bank's credit rating.
- When
- Published on August 1, 2025; financial improvements over the past three years.
- Where
- South Indian Bank.
- Why
- Based on improvement in the bank’s financial risk profile and business performance, better asset quality, and improving profitability.
- Rating Agency
- CARE Ratings
- Old Rating
- CARE A+ Stable
- New Rating
- CARE AA- Stable
- ROTA (FY25)
- 1.08%
- ROTA (FY24)
- 0.95%
- Net NPA to net worth
- 8.10%
- Net stressed assets to net worth
- 12.11%