South Indian Bank reports marginal rise in Q2 net profit

South Indian Bank has reported results for second quarter ended September 30, 2012.

The bank has reported a rise of 2.32% in its net profit at Rs 97.15 crore for the quarter ended September 30, 2012 as compared to Rs 94.95 crore for the same quarter in the previous year. The bank’s total income has registered a growth of 23.02% at Rs 1144.53 crore for quarter under review as compared to Rs 930.33 crore for the quarter ended September 30, 2011.

Gross non-performing assets (NPAs) of the bank have increased at 1.74% for the quarter as against 0.99% in the same quarter of previous year. Net non-performing assets (NPAs) of the bank were at 0.86%, higher than 0.25% in the similar quarter of previous fiscal.