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South Indian Bank’s net loss narrows to Rs 50 crore in Q3

21 Jan 2022 Evaluate

South Indian Bank has reported results for third quarter ended December 31, 2021.

The Bank has reported net loss of Rs 50.31 crore for the quarter under review as compared to net loss of Rs 91.62 crore for the same quarter in the previous year. Total income of the bank decreased by 7.05% at Rs 1893.11 crore for Q3FY22 as compared Rs 2036.64 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the October- December quarter of the current fiscal increased to 6.56%, as compared to 4.90% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 3.52% in Q3FY22.

Peers
Company Name CMP
HDFC Bank 692.90
ICICI Bank 1344.85
Axis Bank 1245.00
Kotak Mahindra Bank 434.50
Indusind Bank 861.70
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