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South Indian Bank reports 46% rise in Q1 net profit

08 Jul 2016 Evaluate

South Indian Bank has reported results for first quarter ended June 30, 2016.

The bank has reported 45.60% rise in its net profit at Rs 95.06 crore for the quarter as compared to Rs 65.29 crore for the same quarter in the previous year. Total income of the bank has increased by 9.47% at Rs 1620.67 crore for quarter under review as compared to Rs 1480.51 crore for the quarter ended June 30, 2015.

The bank’s gross NPA for the April-June quarter of the current fiscal increased to 3.96%, as compared to 1.85% in the same quarter of the previous year. Besides, bank’s Net NPA stood at 2.89% in Q1FY17.

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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