New Delhi, Jan 19 (PTI) Private sector lender South Indian Bank Saturday posted a 27 per cent decline in net profit at Rs 83.85 crore for the third quarter ended December 31, 2018. Also Read - South Indian Bank shares slump over 8 pc post Q3 results
The bank had recorded a net profit of Rs 115 crore in the corresponding period of the previous financial year. Also Read - South Indian Bank PO Recruitment: Registration For Online Application Will Begin on December 10; Check at Southindianbank.com
Total income of the lender, however, improved to Rs 1,921.93 crore during the quarter under review, as against Rs 1,735.77 crore in the year-ago period, South Indian Bank said in a regulatory filing. Also Read - South Indian Bank shares zoom nearly 17% on robust Q2 show
Gross non-performing assets (NPAs) rose to 4.88 per cent of the total advances, compared to 3.40 per cent at the end of the third quarter of 2017-18.
Net NPAs also increased to 3.54 per cent in October-December 2018 from 2.35 per cent a year ago.
This is published unedited from the PTI feed.