MoneyWorks4Me

HSBC Global sells 1.19 crore shares of South Indian Bank

12 Oct 2017 Evaluate

HSBC Global Investment Funds Asia Ex Japan Equity Smaller Companies has sold 1.19 crore shares of South Indian Bank at Rs 30.49 per share on the NSE on October 11, 2017.

The Bank has reported 96.09% fall in its net profit at Rs 4.32 crore for second quarter ended September 30, 2017 under review as compared to Rs 110.52 crore for the same quarter in the previous year. However, total income of the Bank increased by 13.82% at Rs 1816.67 crore for Q2FY18 as compared Rs 1596.08 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the July-September quarter of the current fiscal improved to 3.57%, as compared to 3.96% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 2.57% in Q2FY18.


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
View more..