NEWS & ADVICE : HOME LOANS
Profit of Rs 77 cr for South Indian Bank in Q2
By Joseph Samson
Oct 22, 2010
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Private sector lender, South Indian Bank has booked profit of Rs 77 crore in Q2 of this fiscal. This is the highest ever quarterly profit booked by the bank.

The total income posted by the bank amounts to Rs 624.38 in this quarter as compared to Rs 534.38 crore in the same quarter last year.

Its net profit for the six-month period stood at Rs 135.44 crore as against Rs 132.68 crore in the corresponding half of the previous year, the release said.

Deposits of the bank have shown a 26.98% rise from Rs 19,736 crore to Rs 25,060 crore.

There has been a 25.19% rise in current account, savings account (CASA) deposits.


 


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