South Indian Bank net up

Private sector South Indian Bank Ltd on Wednesday said it closed the last fiscal with higher profit at Rs.333.27 crore.

In a regulatory filing in BSE, the bank said it has posted a net profit of Rs.333.27 crore for the year ended March 31, 2016, as compared to Rs.307.20 crore for the year ended March 31, 2015.

Last fiscal the bank's total income has increased to Rs.6,074,62 crore as compared to Rs.5,783.29 crore earned for the year ended March 31, 2015.

The bank board has recommended a dividend of Re.0.50 value of Re.1/- each (previous year Re.0.60 per equity share) for the financial year ended March 31, 2016, subject to the approval of the shareholders.

--IANS

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