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Tuesday, May 7, 2013

South Indian Bank Q4 net up 26%

South Indian Bank has reported a 26 per cent rise in net profit at Rs 153.83 crore for the fourth quarter of 2012-13 fiscal.

The net profit stood at Rs 121.95 crore during the same quarter (January-March) of the previous fiscal. Total income rose to 1,286.37 crore from Rs 1,076.36 crore, the bank said in a filing to the BSE.

For 2012-13 fiscal, the net profit stood at Rs 502.27 crore against Rs 401.65 crore last fiscal and the income stood at Rs 4,769.22 crore compared with Rs 3,830.50 crore.

During Q4, the net non-performing asset (NPAs) or bad loans rose to 0.78 per cent from 0.28 per cent. Gross NPAs during the quarter increased to 1.36 per cent from 0.97 per cent.

Source: thehindubusinessline


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