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The South Indian Bank turns black in Q3

25 Jan 2023 Evaluate

The South Indian Bank has reported results for third quarter ended December 31, 2022 (Q3FY23)

The bank has reported net profit at Rs 102.75 crore for Q3FY23 as compared to net loss of Rs 50.31 crore for the corresponding quarter previous year. However, total income of the bank decreased by 1.53% to Rs 1864.09 crore for the quarter under review as compared to Rs 1893.11 crore for the same quarter in the previous year.

On the consolidated basis, the bank has reported net profit at Rs 103.01 crore for the quarter under review as compared to net loss of Rs 50.40 crore for the same quarter in the previous year. However, total income of the bank decreased by 1.54% to Rs 1863.87 crore for the quarter under review as compared to Rs 1893.01 crore for the same quarter in the previous year.

Peers
Company Name CMP
HDFC Bank 692.10
ICICI Bank 1341.60
Axis Bank 1243.80
Kotak Mahindra Bank 435.50
Indusind Bank 865.00
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