Trissur-based South Indian Bank's net profit for the quarter ended September 2011 rose more than 24% year-on-year to Rs 95 crore on the back of higher loan book growth. This is the highest ever net profit the bank has recorded in a single quarter.
Its net interest income was up, 31.4% year-on-year at Rs 259 crore.
Loan book expanded 30% year-on-year to Rs 23,348 crore.
Deposits too grew at 32% to Rs 33,038. CASA (current account and savings account) rose nearly 18% to Rs 7,038 crore.
The bank's stock price rose 2.2% to Rs 23 on Bombay Stock Exchange at 1530 hours.
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