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South Indian Bank records net profit of Rs 83.85 crore in Q-3

Thiruvananthapuram, Jan 21 (IEBusiness) South Indian Bank has recorded a net profit of Rs 83.85 crore in the third quarter of the current financial year.
Compared to the corresponding period in the previous financial year, the net profit declined to 27 per cent this year.
The Gross non-performing assets (NPAs) rose to 4.88 per cent of the total advances, compared to 3.40 per cent during the third quarter ended on December 31, 2018.
Net NPAs also rose to 3.54 per cent in October-December 2018 from 2.35 per cent a year ago, sources said here.
However, the total income of the lender increased to Rs 1,921.93 crore compared to Rs 1,735.77 crore in the year-ago period.

Source
Via UNI-India
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