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South Indian Bank reports 6.66% fall in Q1 net profit

13 Jul 2013 Evaluate

South Indian Bank has reported results for first quarter ended June 30, 2013.

The bank has reported 6.66% fall in its net profit at Rs 114.84 crore for the quarter as compared to Rs 123.04 crore for the same quarter in the previous year. However, total income of the bank has increased by 17.34% at Rs 1342.88 crore for quarter under review as compared to Rs 1144.41 crore for the quarter ended June 30, 2012.

The bank’s gross NPA for the April- June quarter of the current fiscal stood at 1.57%, as compared to 1.08% in the same quarter of the previous year. Besides, bank’s Net NPA stood at 1.12% as compared to 0.35% in the same quarter of the previous year.

Peers
Company Name CMP
HDFC Bank 691.55
ICICI Bank 1343.20
Axis Bank 1244.50
Kotak Mahindra Bank 435.95
Indusind Bank 863.75
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