Kerala-based private sector lender South Indian Bank 's net profit shot up by 50% year-on-year to
Rs 123 crore for the quarter ended June 2012, but it was a marginal increase
quarter-on-quarter from Rs 121.95 crore.
Net interest income jumped 44.4% to Rs 296 crore from Rs 205
crore during the same period.
At 12:26 hours IST, the share was trading at Rs 25.45, up
1.80% amid heavy volumes.
The Board of Directors of the company has decided today to
raise the paid up capital by way of a QIP issue of equity shares with an issue
size (including premium) not exceeding Rs 500 crore.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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