The Hindu Business Line : Catholic Syrian net profit up 139%

Kochi, Feb. 12 The net profit of Catholic Syrian Bank has grown by 139 per cent to Rs 31.70 crore (Rs 13.26 crore) for the first nine months of the current fiscal. While interest income increased moderately to Rs 354.95 crore, other income almost doubled to Rs 40.83 crore.

Capital adequacy level was at 11.74 per cent as against the RBI norm of nine per cent. After the induction of FII capital, the earnings per share improved to Rs 25.31, up from Rs 12.34. FIIs had invested $75.67 million into the capital base of the bank in July 2007.

The bank has obtained RBI consent to open seven mobile ATMs, making it the first private sector bank from Kerala to open such a facility. The mobile ATMs will become operational soon at various centres, a press release from the bank said.

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