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Journalism of Courage
South Indian Bank today reported 26 per cent rise in net profit at Rs 153.83 crore in the fourth quarter result of 2012-13 fiscal.
The bank had reported profit of Rs 121.95 crore during the same quarter (January-March) in 2011-12.
Total income in Q4 rose to 1,286.37 crore from Rs 1,076.36 crore,the bank said in filing to the BSE.
For entire 2012-13,the profit of the bank stood at Rs 502.27 crore,up from Rs 401.65 crore last fiscal. The income rose to Rs 4,769.22 crore,from Rs 3,830.50 crore.
During Q4,2012-13,the net non-performing asset (NPAs) or bad loan of the bank rose to 0.78 per cent,from 0.28 per cent. Gross NPAs during the quarter increased to 1.36 per cent from 0.97 per cent.
South Indian Bank scrip was trading at Rs 24.30,up 1.46 per cent,on the BSE in the afternoon.
