South Indian Bank Q1 net down 6.6% at Rs 114.84 cr

Private sector lender South Indian Bank today reported 6.6% decline in net profit at Rs 114.84 crore for the first quarter ended June 2013 .

The bank had posted net profit of Rs 123.04 crore during the same quarter (April-June) in the year ago period.

South Indian Bank's total income during the first quarter of 2013-14 increased to Rs 1,342.88 crore from Rs 1,144.41 crore a year earlier, it said in a regulatory filing to BSE.

Net non-performing assets, or bad loans, of the bank rose to 1.12% during the quarter, from 0.35% a year ago.

Gross NPAs stood at 1.57% during the period under review, up from 1.08% during April-June 2012.

Shares of the bank today closed at Rs 23.10 apiece on the BSE, down 1.49% from the previous close.