South Indian Bank Q3 net rises 3% to Rs 115 crore

By: |
Kochi | Published: January 10, 2018 3:57:36 AM

Kerala-based South Indian Bank (SIB) on Tuesday reported a 3.25 % year-on-year increase in net profits for the three months to December to Rs 115 crore.

South Indian Bank, South Indian Bank profit, South Indian Bank performance in third quarter, South Indian Bank third quarter revenueSIB had recorded a net profit of Rs 111.38 crore in the October-December quarter of the previous fiscal, the bank said in a press release.

Kerala-based South Indian Bank (SIB) on Tuesday reported a 3.25 % year-on-year increase in net profits for the three months to December to Rs 115 crore. SIB had recorded a net profit of Rs 111.38 crore in the October-December quarter of the previous fiscal, the bank said in a press release. The bank reported a 21.77% increase in net interest income (NII) to Rs 509.4 crore in the quarter, up from Rs 418 crore in the same quarter last year. VG Mathew, MD & CEO, said during the current quarter, the bank’s net profit reverted to the normal trajectory. He expressed satisfaction on the overall business performance with a clear shift of focus to retail & MSME and CASA. The above shift is consistently delivering improvements in the operating performance of the bank.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.