Stocks

South Indian Bank drops as Q4 profit plunges

Reuters Mumbai | Updated on May 10, 2019 Published on May 10, 2019

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Shares of South Indian Bank fell as much as 5.9 per cent to Rs 14.35, marking their biggest intra-day per cent loss in over three months

The bank posted a 38 per cent plunge in March-quarter profit to Rs 7051 lac on Thursday.

Its provisions, including for bad loans, were up by 50 per cent to Rs 219 crore.

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Published on May 10, 2019
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