South Indian Bank Ltd on Wednesday released its fiscal second quarter earnings with profit at Rs 324.79 crore. It recorded a growth of 18.2 per cent in comparison to Rs 274.89 crore during the corresponding quarter of previous financial year. The Bank’s NII came in at Rs 882.7 crore, up 6.3 per cent on-year.
South Indian Bank’s total income during the quarter in review stood at Rs 2804.07 crore, up 12.9 per cent as against Rs 2484.48 crore posted during the same period of FY24. The Bank earned an interest income of Rs 2354.72 crore.
Asset quality
In terms of asset quality, the percentage of gross NPA came in at 4.40 per cent during Q2 as compared to 4.96 per cent during the same quarter of FY24. Similarly, the percentage of net NPA was at 1.31 per cent as against 1.70 per cent during Q2FY24.
The Bank’s provisions remained mostly flat sequentially. Provisions stood at Rs 110 crore during Q2FY25 as against Rs 113 crore in the previous quarter of the same financial year (Q1FY25).