South Indian Bank lost 2.81% to Rs 24.20 at 10:30 IST on BSE after net profit declined 19% to Rs 124.60 crore on 8.76% growth in total income to Rs 1399.18 crore in Q4 March 2014 over Q4 March 2013.
The Q4 result was announced on Thursday, 24 April 2014. The stock market was closed that day, on account of Parliamentary elections in Mumbai constituency.
Meanwhile, the S&P BSE Sensex was down 13.31 points or 0.06% at 22,863.23.
On BSE, so far 5.84 lakh shares were traded in the counter as against average daily volume of 13.37 lakh shares in the past two weeks.
The stock hit a high of Rs 24.65 and a low of Rs 23.90 so far during the day.
South Indian Bank's provisions and contingencies declined 57.08% to Rs 28.28 crore in Q4 March 2014 over Q4 March 2013.
The bank's ratio of gross non-performing assets (NPAs) to gross advances stood at 1.19% as on 31 March 2014 as against 1.66% as on 31 December 2013 and 1.36% as on 31 March 2013. The ratio of net NPAs to net advances stood at 0.78% as on 31 March 2014 as against 1.18% as on 31 December 2013 and 0.78% as on 31 March 2013.
The bank's Capital Adequacy Ratio (CAR) as per Basel III norms stood at 12.42% as on 31 March 2014 as against 12.2% as on 31 December 2013.
South Indian Bank's net profit rose 1.04% to Rs 507.50 crore on 12.88% growth in total income to Rs 5383.53 crore in the year ended 31 March 2014 (FY 2014) over the year ended 31 March 2013 (FY 2013).
South Indian Bank is a Kerala-based private-sector bank.
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