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South Indian Bank reports 7% rise in Q1 net profit

11 Jul 2017 Evaluate

South Indian Bank has reported results for first quarter ended June 30, 2017.

The Bank has reported 6.74% rise in its net profit at Rs 101.47 crore for the quarter under review as compared to Rs 95.06 crore for the same quarter in the previous year. Total income of the Bank increased by 5.51% at Rs 1709.97 crore for Q1FY18 as compared Rs 1620.67 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the April-June quarter of the current fiscal improved to 3.61%, as compared to 3.96% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 2.54% in Q1FY18.

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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