South Indian Bank has declared its Q2 results.South Indian Bank’s total income increased to Rs 2,804 crore during the quarter under review, as against Rs 2,485 crore in the same period last year.South Indian Bank on Wednesday posted an 18 per cent increase in profit at Rs 325 crore in the second quarter ended September 2024. The private sector lender had posted a net profit of Rs 275 crore in the same quarter a year ago.Total income increased to Rs 2,804 crore during the quarter under review, as against Rs 2,485 crore in the same period last year, South Indian Bank said in a regulatory filing.The bank earned an interest income of Rs 2,355 crore during the quarter, compared to Rs 2,129 crore in the same period a year ago.The bank was able to reduce gross Non-Performing Assets (NPAs) to 4.40 per cent of the gross loans by the end of September 2024, from 4.96 per cent a year ago.Similarly, net NPAs or bad loans came down to 1.31 per cent, from 1.70 per cent at the end of the second quarter of the previous fiscal.(This story has not been edited by News18 staff and is published from a syndicated news agency feed – PTI)Mohammad HarisHaris is Deputy News Editor (Business) at news18.com. He writes on various issues related to markets, economy and companies. Having a decade of experi…Read More
South Indian Bank Q2 Profit Rises 18% to Rs 325 Crore – News18
Related Posts
Stock market today: Wall Street holds steadier a day after sliding from its record
NEW YORK — U.S. stocks are holding steadier following better-than-expected profit reports from Morgan Stanley, United Airlines and other big companies. The S&P 500 was flat in early Wednesday trading,…
10 million pounds of meat and poultry recalled from Trader Joe’s and others in latest listeria outbreak
Meat producer BrucePac is recalling nearly 10 million pounds of meat and poultry products sold at Trader Joe’s, Target, Kroger and other retailers because they might be contaminated with listeria.The…