South Indian Bank reports 41% rise in its Q1 net profit

South Indian Bank has reported results for the first quarter ended June 30, 2011.

The company’s net profit after tax for the quarter ended June 30, 2011 surged by 41.15% at Rs 82.49 crore as compared to Rs 58.44 crore for the quarter ended June 30, 2010. Its total income has increased by 41.01% to Rs 820.35 crore for the quarter under review from Rs 581.78 crore for the similar quarter of the previous year.