The Kerala based Catholic Syrian Bank released its financials for the period ending June 31, 2012. In its performance in Quarter 1, it recorded an overall growth in business of 23 percent, its total business standing at Rs. 18,724 crore.
The deposits of the bank rose to 22.52 percent and stood at Rs.10979 crore and the total advances of the bank stood at Rs 7,744.15 crore.
The private sector bank posted net profits to the tune of Rs. 4.27 crore, increasing from Rs. 1.50 crore. Its Non Performing Assets were down by 35.06 percent, standing at Rs. 72.52 crore.