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South Indian Bank reports 27% fall in Q3 net profit
Jan-19-2019

South Indian Bank has reported results for third quarter ended December 31, 2018.

The Bank has reported 27.09% fall in its net profit at Rs 83.85 crore for the quarter under review as compared to Rs 115.00 crore for the same quarter in the previous year. However, total income of the Bank increased by 10% at Rs 1,921.93 crore for Q3FY19 as compared Rs 1,735.77 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the October-December quarter of the current fiscal increased to 4.88%, as compared to 3.40% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 3.54% in Q3FY19.

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