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South Indian Bank reports consolidated net profit of Rs 115.48 crore in Q1

27 Jul 2022 Evaluate

South Indian Bank has reported results for first quarter ended June 30, 2022.

The bank has reported over 11-fold jump in its net profit at Rs 115.35 crore for the quarter under review as compared to Rs 10.31 crore for the same quarter in the previous year. However, total income of the bank decreased by 10.37% at Rs 1868.15 crore for Q1FY23 as compared Rs 2084.39 crore for the corresponding quarter previous year.

On the consolidated basis, the bank has reported over 11-fold jump in its net profit at Rs 115.48 crore for the quarter under review as compared to Rs 10.25 crore for the same quarter in the previous year. However, total income of the bank decreased by 10.38% at Rs 1868.07 crore for Q1FY23 as compared Rs 2084.39 crore for the corresponding quarter previous year.

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