Kerala-based South Indian Bank is targeting to garner Rs 1 lakh crore in total business in 2014 on the back of its record performance on most fronts in the last financial year. Last year, the bank had set a target of total business of Rs 75,000 crore, network of 750 branches and 750 ATM Centres.
The bank registered the highest ever net profit at Rs 502.27 crore and achieved NPA recovery of Rs 204 crore against the target of Rs 268.00 crore in FY13. Its total income increased by 24.51% to Rs 4769.22 crore for the year under the review from Rs 3830.50 crore for the previous year.
