South Indian Bank reports 18% jump in Q2 net profit

07 Oct 2016 Evaluate

South Indian Bank has reported results for second quarter ended September 30, 2016.

The bank has reported 18.36% rise in its net profit at Rs 110.52 crore for the quarter under review as compared to Rs 93.38 crore for the same quarter in the previous year. Total income of the bank increased by 4.58% at Rs 1596.08 crore for Q2FY17 as compared Rs 1526.19 crore for the corresponding quarter previous year.

The bank’s gross NPA for the July- September quarter of the current fiscal increased to 3.96%, as compared to 2.24% in the same quarter of the previous year. Besides, bank’s Net NPA stood at 2.27% in Q2FY17.

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