South Indian Bank has reported results for the quarter and year ended March 31, 2013.
The bank’s net profit for the Q4FY13 grew by 26.14% at Rs 153.83 crore as compared to Rs 121.95 crore for the Q4FY12. Its total income has increased by 19.51% to Rs 1286.37 crore for the quarter from Rs 1076.36 crore for the corresponding quarter of the previous year.
For the year ended March 31, 2013, the bank’s net profit rose by 25.05% at Rs 502.27 crore as compared to Rs 401.65 crore for the year ended March 31, 2012. Its total income has increased by 24.51% to Rs 4769.22 crore for the year under the review from Rs 3830.50 crore for the previous year.
The bank’s board of directors, at its meeting held on May 06, 2013 has recommended a dividend of Re 0.70 per equity share of face value of Re 1 each for the financial year ended on March 31, 2013 and if the same is declared at the 85th annual general meeting of the bank will be credited /dispatched to the shareholders on July 05, 2013.
