The Hindu·2 min read·medium
South Indian Bank net profit up 17.4% on higher net interest income
T
The Hindu Bureau
✦AI Summary
South Indian Bank reported a 23% increase in net profit for the June quarter, driven by improved asset quality and higher net interest income. The bank successfully reduced its non-performing assets while focusing on high-quality credit growth in corporate and retail segments.
South Indian Bank (SIB) net profit increased 23% to ₹378 crore as asset quality improved and net interest income increased in the quarter ending on June 30, compared to ₹322 crore in the year-ago period.
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