South Indian Bank reports 49% jump in Q1 net profit

South Indian Bank has reported results for first quarter ended June 30, 2012.

The bank has registered a jump of 49.16% in its net profit at Rs 123.04 crore for the quarter under review as compared to Rs 82.49 crore for the same quarter in the previous year. Total income of the bank has increased by 39.50% at Rs 1144.41 crore for Q1FY13 as compared Rs 820.35 crore for the corresponding quarter previous year.

Gross non-performing assets (NPAs) rose marginally to 1.08% in the April-June quarter as against 1.07% in the same quarter previous year while net NPAs increased to 0.35%.