Home >Companies >South Indian Bank Q4 profit falls 86.9% to 16.3 crore
Gross NPAs for the fourth quarter stood at 1.71% as against 1.19% registered during the same period of the previous year.
Gross NPAs for the fourth quarter stood at 1.71% as against 1.19% registered during the same period of the previous year.

South Indian Bank Q4 profit falls 86.9% to 16.3 crore

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.

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