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South Indian Bank turns black in Q4

21 May 2021 Evaluate

South Indian Bank has reported results for fourth quarter and year ended March 31, 2021.

The bank has reported net profit at Rs 6.79 crore for the quarter under review as compared to net loss of Rs 143.69 crore for the same quarter in the previous year. However, total income of the bank decreased by 10.40% at Rs 2098.25 crore for Q4FY21 as compared Rs 2341.88 crore for the corresponding quarter previous year.

For the year ended March 31, 2021, the bank has reported 40.81% fall in its net profit at Rs 61.91 crore as compared to net profit  of Rs 104.59 crore for the previous year. Total income of the bank decreased by 3.62% at Rs 8490.93 crore for year under review as compared to Rs 8809.55 crore for year ended March 31, 2020.

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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