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South Indian Bank reports 16% rise in Q3 net profit

20 Jan 2016 Evaluate

South Indian Bank has reported results for third quarter ended December 31, 2015.

The bank has registered a rise of 15.58% in its net profit after tax at Rs 101.63 crore for the quarter under review as compared to Rs 87.93 crore for the same quarter in the previous year. Total income of the bank has increased by 6.40% at Rs 1560.98 crore for Q3FY16 as compared Rs 1467.13 crore for the corresponding quarter previous year. 

Gross non-performing assets (NPAs) increased to 2.75% in the October- December quarter as against 1.80% in the same quarter previous year, while net NPAs stood to 1.18%.

Peers
Company Name CMP
HDFC Bank 692.60
ICICI Bank 1354.00
Axis Bank 1247.00
Kotak Mahindra Bank 438.70
Indusind Bank 865.40
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