South Indian Bank Q2 net rises 18% to Rs 110.52 cr; NPas also climb - Firstpost
Firstpost

South Indian Bank Q2 net rises 18% to Rs 110.52 cr; NPas also climb


By

New Delhi: South Indian Bank has reported 18.4 percent rise in net profit at Rs 110.52 crore for the second quarter ended September.

Reuters

Reuters

The private sector lender had reported a net profit of Rs 93.38 crore in the corresponding quarter of the previous fiscal.

"Total income has increased to Rs 1,596.08 crore for the quarter ended September 30, 2016 from Rs 1,526.19 crore for the same quarter a year ago," the bank said in a regulatory filing.

Gross non-performing assets (NPAs) of the bank rose to 3.96 percent of the gross advances as of September 30, as against 2.24 percent a year ago.

Net NPAs or bad loans were 2.77 percent of the net advances, up from 1.39 percent a year ago.

Likewise, provisions for bad loans and contingencies by the bank rose to Rs 128.33 crore from Rs 67.47 crore in the previous year, it added.

First Published On : Oct 7, 2016 17:18 IST

Comment using Disqus

Show Comments