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South Indian Bank’s Q1FY15 net profit rises by 10%

16 Jul 2014 Evaluate

South Indian Bank has reported results for the quarter ended June 30, 2014

The bank’s net profit for the quarter rose by 10.28% at Rs 126.65 crore as compared to Rs 114.84 crore for the quarter ended June 30, 2013. Its total Income has increased by 9.15% to Rs 1465.84 crore for the quarter under review from Rs 1342.88 crore for the corresponding quarter of the previous year.

The bank’s gross NPA for the April-June quarter of the current fiscal stood at 1.50%, as compared to 1.57% in the same quarter of the previous year. Besides, bank’s Net NPA stood at 0.91% in Q1FY15 as compared to 1.12% in the same quarter of the previous year.

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