South Indian Bank Q4 profit falls 86.9% to 16.3 crore1 min read . Updated: 05 May 2015, 08:11 PM IST
Total income for the quarter jumped to `1,444.37 crore from `1,399.18 crore a year ago
Chennai: South Indian Bank on Tuesday reported 86.9% plunge in net profit at ₹ 16.32 crore for the last quarter of 2014-15 as compared to same period of previous fiscal.
The Thrissur-based bank had a net profit of ₹ 124.60 crore during the corresponding quarter of 2013-14, South Indian Bank said in a BSE filing. Total income for the fourth quarter jumped to ₹ 1,444.37 crore, from ₹ 1,399.18 crore in the same period of the previous fiscal.
Gross NPAs for the fourth quarter stood at 1.71% as against 1.19% registered during the same period of the previous year. Net NPA stood at 0.96% as on 31 March 2015 against 0.78% during the same period of the previous year.
For the financial year ending 31 March 2015, net profit slipped to ₹ 307.20 crore from ₹ 507.50 crore registered during the year ago period. Total income grew to ₹ 5,783.29 crore in 2014-15 from ₹ 5,383.53 crore registered during the previous year.
The bank also said that its board of directors has recommended a dividend of ₹ 0.60 per share (60%) for the year ending 31 March 2015 subject to approval of shareholders.