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South Indian Bank posts net profit of Rs 223 crore in second quarter

Murali Ramakrishnan, MD and CEO of the Bank, while announcing the results, stated that the strategy of realigning the business by the bank had contributed to the above improved performance

Q2 earnings, Q2 results
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BS Reporter Chennai
Kerala-based South Indian Bank (SIB) has posted a net profit of Rs 223 crore during the second quarter of the current financial year, as against a net loss of Rs 187 crore during the July to September quarter of 2021-22.

The bank’s total income for the quarter under review increased by 11 per cent to Rs 1,995 crore as compared to Rs 1,804 crore during the same period last year.  Murali Ramakrishnan, managing director and chief executive officer of the Bank, while announcing the results, stated that the strategy of realigning the business by the bank had contributed to the

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First Published: Oct 20 2022 | 10:48 PM IST

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