South Indian Bank reports over 3-fold jump in Q1 net profit
26th Jul 2019

South Indian Bank has reported results for first quarter ended June 30, 2019

The Bank has reported over 3-fold jump in its net profit at Rs 73.26 crore for the quarter under review as compared to Rs 23.04 crore for the same quarter in the previous year. Total income of the Bank increased by 15.39% at Rs 2076.76 crore for Q1FY20 as compared Rs 1799.81 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the April-June quarter of the current fiscal increased to 4.96%, as compared to 4.54% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 3.41% in Q1FY20.