South Indian Bank records 225% sequential growth in Q4 PAT, declares dividend; key highlights here
South Indian Bank witnessed a strong growth in Q4 PAT to ₹334 crore, while asset quality continued to improve. The performance was in line with the strategic intent of the bank.
Kerala-based private sector lender, South Indian Bank registered a huge growth of 224.95% sequentially in net profit to ₹333.89 crore in the fourth quarter of FY23. Year-on-year, the PAT recorded a growth of 22.74%. For the full year, the lender has touched a key milestone in its history with the highest-ever growth in key verticals. The bank has also declared a dividend of 30% for its shareholders.
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