Private sector South Indian Bank is planning to raise up to Rs 500 crore through private placement of shares. The bank's board has decided to raise the paid up capital by way of a qualified institutional placement (QIP) issue of equity shares with an issue size (including premium) not exceeding Rs 500 crore.
Recently, the bank registered a jump of 49.16% in its net profit at Rs 123.04 crore for the quarter under review as compared to Rs 82.49 crore for the same quarter in the previous year. Total income of the bank increased by 39.50% at Rs 1144.41 crore for Q1FY13 as compared Rs 820.35 crore for the corresponding quarter previous year.
Gross non-performing assets (NPAs) rose marginally to 1.08% in the April-June quarter as against 1.07% in the same quarter previous year while net NPAs increased to 0.35%.
| Company Name | CMP |
|---|---|
| HDFC Bank | 799.90 |
| ICICI Bank | 1347.50 |
| Axis Bank | 1359.15 |
| Kotak Mahindra Bank | 383.50 |
| Indusind Bank | 853.15 |
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