SIB Q4 net profit down 19%

Kerala-based South Indian Bank has reported 19% fall in net profit at Rs 124.60 crore for the fourth quarter ended March 31, 2014.

It had reported Rs 153.83 crore profit in the January- March quarter of the previous fiscal year 2012-13.

The bank's total income in Q4, 2013-14 was Rs 1,399.18 crore, up from Rs 1,286.37 in the year-ago period.

For the entire 2013-14 fiscal, net profit of the bank rose by a marginal 1.04% at Rs 507.50 crore, while total income rose by 12.9% to Rs 5,383.53 crore.