Kerala-based South Indian Bank has registered the highest ever annual net profit at Rs 401.66 crore for 2011-12, up 37.29% from Rs 292.56 crore in the previous fiscal.
The company’s net profit for the quarter ending March 31, 2012, up 49.17% to Rs 121.96 crore, as against Rs 81.76 crore in the last quarter of the previous year.
The bank’s business has increased by Rs 13,616 crore to Rs 64,136 crore from Rs 50,520 crore on year-to-year basis.
While the deposits increased 22.81% from Rs 29,721 crore to Rs 36,501, the advances grew by 32.87% from Rs 20,799 crore to Rs 27,635 crore.
