South Indian Bank has reported results for second quarter ended September 30, 2013.
The bank has reported a rise of 30.47% in its net profit at Rs 126.75 crore for the quarter ended September 30, 2013 as compared to Rs 97.15 crore for the same quarter in the previous year. The bank’s total income has registered a growth of 13.47% at Rs 1298.72 crore for quarter under review as compared to Rs 1144.53 crore for the quarter ended September 30, 2012.
Gross non-performing assets (NPAs) of the bank have increased at 1.92% for the quarter as against 1.74% in the same quarter of previous year. Net non-performing assets (NPAs) of the bank were at 1.39%, higher than 0.53% in the similar quarter of previous fiscal.
South Indian Bank (SIB) was the first ‘scheduled bank’ among the private sector banks in Kerala. Under Personal Banking segment, the bank offers wide range of personal banking products and services such as deposit, saving, loans, internet banking, mobile banking, demat services, credit card, debit card, etc. The bank also offers mutual funds products of various funds houses such as ICICI Prudential AMC, Franklin Templeton, TATA Mutual Fund, etc.
| Company Name | CMP |
|---|---|
| HDFC Bank | 798.05 |
| ICICI Bank | 1356.95 |
| Axis Bank | 1357.40 |
| Kotak Mahindra Bank | 379.75 |
| Indusind Bank | 852.55 |
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