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South Indian Bank reports 40% fall in Q2 net profit

21 Oct 2014 Evaluate

South Indian Bank has reported results for second quarter ended September 30, 2014.

The bank has posted a fall of 39.80% in its net profit at Rs 76.30 crore for the quarter ended September 30, 2014 as compared to Rs 126.75 crore for the same quarter in the previous year. However, total income has increased by 7.59% at Rs 1405.95 crore for quarter under review as compared to Rs 1306.73 crore for the quarter ended September 30, 2013.

Gross non-performing assets (NPAs) improved to 1.55% in the July-September quarter as against 1.92% in the same quarter previous year while net NPAs decreased to 0.90%.

Peers
Company Name CMP
HDFC Bank 692.90
ICICI Bank 1344.85
Axis Bank 1245.00
Kotak Mahindra Bank 434.50
Indusind Bank 861.70
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