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South Indian Bank Q3 net rises 3 pc to Rs 115 crore

Press Trust of India  |  New Delhi 

Private sector today posted a 3.25 per cent increase in net profit at Rs 115 crore for the third quarter ended December 2017.

The had recorded a net profit of Rs 111.38 crore in the October-December quarter of last fiscal.

The total of the lender decreased to Rs 1,735.77 crore during the quarter under review, as against Rs 1,737.47 crore in the year-ago period, said in a filing to

The gross non-performing assets (NPAs) of the however declined to 3.4 per cent of the total advances during the third quarter, from 3.98 per cent in the same quarter previous fiscal.

Its net NPAs stood at 2.35 per cent during the quarter, as against 2.52 per cent of the total assets in the year-ago period.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, January 09 2018. 13:00 IST