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Bloomberg Quint

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South Indian Bank Share Price Advances After Q4 Profit Jump, Asset Quality Improvement

  • South Indian Bank's profit rose to Rs 683 crore from Rs 434 crore in the year-ago period.
  • The net interest income for the quarter fell 1% to Rs 868 crore, compared to Rs 875 crore in the previous fiscal quarter.
  • The asset quality of South Indian Bank improved with gross NPA ratio declining to 3.20% from 4.30% in the previous quarter.
  • The share price of South Indian Bank rose by more than 1% to reach an 11-month high, trading at Rs 28.10 apiece.

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