South Indian Bank has reported results for the third quarter ended December 31, 2011
The bank’s net profit for the third quarter jumped 31.99% at Rs 102.24 crore as compared to Rs 77.46 crore for the corresponding quarter last year. Its total income has increased by 49.25% to Rs 1003.47 crore for the quarter under review from Rs 672.36 crore for the similar quarter of the previous year.
The bank’s gross NPA for the December quarter of the current fiscal stood at 0.94%, while the same was at 1.33% for the corresponding quarter of the previous fiscal. Meanwhile, bank’s Net NPA stood at 0.24% as compared to 0.39% in the same quarter of the previous year.
South Indian Bank (SIB) was incorporated in 1908 by a group of enterprising men at Thrissur. Under Personal Banking segment, the bank offers wide range of personal banking products and services such as deposit, saving, loans, internet banking, mobile banking, demat services, credit card, debit card, etc. The bank also offers mutual funds products of various funds houses such as ICICI Prudential AMC, Franklin Templeton, TATA Mutual Fund, etc
| Company Name | CMP |
|---|---|
| HDFC Bank | 799.90 |
| ICICI Bank | 1347.50 |
| Axis Bank | 1359.15 |
| Kotak Mahindra Bank | 383.50 |
| Indusind Bank | 853.15 |
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