Saturday, October 27, 2012

South Indian Bank Q2 net profit rises 2% to Rs 97 cr


Private sector lender South Indian Bank  's net profit rose by 2 percent year-on-year to Rs 97 crore in the quarter ended September 2012.

Net interest income increased 15 percent to Rs 298 crore in the second quarter of FY13 from Rs 259 crore in a year ago period.

Gross non-performing assets (NPAs) grew by 66 basis points QoQ to 1.74 percent and net NPAs went up by 51 basis points QoQ to 0.86 percent during the quarter.

Capital adequacy ratio improved by 123 basis points QoQ to 14.43% in the quarter ended September 2012.

The company has reported an exceptional item of Rs 32.2 crore for the quarter.



Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

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