Money & Banking

South Indian Bank profit grows 21%

Our Bureau Chennai | Updated on January 21, 2011


South Indian Bank reported a 21 per cent increase in its profits at Rs 75 crore for the third quarter ended December 2010. This came on the back of a 26 per cent increase in total income at Rs 672 crore for the quarter.

Deposits grew at a robust 31 per cent to nearly Rs 27,000 crore while advances grew at 29 per cent to Rs 19,188 crore.

Its capital adequacy ratio and net NPA ratios were at a healthy level of 14.89 per cent and 0.39 per cent, respectively.

Published on January 21, 2011

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