South Indian Bank (SIB) has clocked a net profit of Rs 75.36 crore in Q3 FY 11 as against Rs 62.46 crore in the year-ago period.
The total business of the bank increased from Rs 35,511 crore to Rs 46,186 crore on a year-on-year basis, up 30.06 per cent, a press release issued stated.
Deposits increased by 30.79 per cent to Rs 26,998 crore from Rs 20,643 crore while advances grew 29.06 per cent from Rs 14,868 crore to Rs 19,188 crore, the release added.
The current account, savings account (CASA) of the bank increased by Rs 1,046 crore from Rs 4,999 crore to Rs 6,045 crore, up 20.92 per cent.
The bank's capital adequacy ratio stands at a healthy 14.89 per cent under BASEL II standards against the regulatory requirement of nine per cent, the release added.
