NEWS & ADVICE : SAVINGS ACCOUNTS
South Indian Bank net profit up 26% in Jan-March quarter
By Neelima Shankar
May 7, 2013
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The private sector lender, South Indian Bank has posted jump in net profit by 26 per cent at Rs 153.83 crore for the fourth quarter of financial year 2012-13.

The net profit stood at Rs 121.95 crore during the corresponding quarter of the previous fiscal. The total income rose to 1,286.37 crore from Rs 1,076.36 crore, the bank said.

For the entire FY13, the net profit stood at Rs 502.27 crore against Rs 401.65 crore last financial year and the income stood at Rs 4769.22 crore as compared to Rs 3830.50 crore.

During the fourth quarter, the net non-performing assets (NPAs) or bad loans rose to 0.78 per cent from 0.28 per cent. Gross NPAs during the quarter rose to 1.36 per cent from 0.97 per cent.


 


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