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South Indian Bank’s Q3 net profit rises 3%

09 Jan 2018 Evaluate

South Indian Bank has reported results for third quarter ended December 31, 2017.

The Bank has reported 3.25% rise in its net profit at Rs 115.00 crore for the quarter under review as compared to Rs 111.38 crore for the same quarter in the previous year. However, total income of the Bank decreased marginally by 0.10% at Rs 1,735.77 crore for Q3FY18 as compared Rs 1,737.47 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the October-December quarter of the current fiscal improved to 3.40%, as compared to 3.98% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 2.35% in Q3FY18.

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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