South Indian Bank has reported results for the fourth quarter and year ended March 31, 2016.
The bank has posted over four fold jump in its net profit at Rs 72.97 crore for the quarter ended March 31, 2016 as compared to Rs 16.32 crore for the same quarter in the previous year. Total income of the bank has increased by 4.33% at Rs 1506.94 crore for quarter under review as compared to Rs 1444.37 crore for the quarter ended March 31, 2015.
For the year ended March 31, 2016, the bank has posted a rise of 8.49% in its net profit at Rs 333.27 crore as compared to Rs 307.20 crore for the same period in the previous year. Total income of bank increased 5.04% at Rs 6074.62 crore for year under review as compared to Rs 5783.29 crore for the period ended March 31, 2015.