South Indian Bank Q3 profit up 15.58% to Rs101.63 crore1 min read . Updated: 20 Jan 2016, 11:06 PM IST
Total income increases to `1,560.98 crore in December quarter, up 6.39% from `1,467.13 crore last fiscal
New Delhi: South Indian Bank has registered a 15.58% increase in net profit at ₹ 101.63 crore for the quarter ended 31 December 2015.
The bank had posted a net profit of ₹ 87.93 crore in the corresponding period of the previous fiscal.
Total income increased to ₹ 1,560.98 crore, up 6.39% from ₹ 1,467.13 crore in the December quarter last fiscal, the bank said in a BSE filing.
Provisions towards bad loans and contingencies rose to ₹ 106.39 crore during the quarter, up 23.75% as against ₹ 85.97 crore in the same period a year ago. Its gross non-performing assets (NPAs) increased to 2.75% in third quarter of 2015-16 from 1.8% a year ago.
Net NPAs stood at 1.8% of the total advances, compared with 1.04% in the corresponding quarter of the previous fiscal.