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South Indian Bank net profit up 12% in Q3
The New Indian Express Thrissur
|January 22, 2025
KERALA-based South Indian Bank had reported 12% growth in net income at ₹342 crore for the December quarter, compared to ₹305.4 crore booked in the year-ago period.
The bank's chief executive officer PR Seshadri attributed the record high quarterly income to better asset quality and recoveries. Gross NPAs came down by 44 basis points (bps) from 4.74% to 4.30% while net NPAs dropped
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