South Indian Bank Q3 profit rises 9.6% to Rs 111 cr

Private sector South Indian Bank today posted 9.6 per cent increase in net profit to Rs 111.38 crore for the third quarter of 2016-17.
The bank had recorded net profit of Rs 101.63 crore in the October-December quarter of last fiscal, South Indian Bank said in a filing to stock exchanges.
The total income of the lender also increased to Rs 1,737.47 crore during the quarter under review, as against Rs 1,560.98 crore in the year-ago period.
The gross non-performing assets (NPAs) of the bank rose to 3.98 per cent of the total advances during the third quarter, from 2.75 per cent in the same quarter previous fiscal.

Its net NPAs also rose to 2.52 per cent during the quarter, from 1.80 per cent of the total assets in the year- ago period.