Home / Companies / News / South Indian Bank posts Q4 loss of Rs 190 cr, income grows to Rs 2,342 cr

South Indian Bank posts Q4 loss of Rs 190 cr, income grows to Rs 2,342 cr

The bank made a one time provisioning of Rs 255 crore on some large value non performing assets (NPA) it sold to an asset reconstruction company in 2017

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It has also made provisioning of an additional Rs 70 crore in the wake of Covid-19 pandemic

2 min read Last Updated : Jun 26 2020 | 6:59 PM IST

Thrissur-based lender South Indian Bank on Friday posted a loss before tax of Rs 190.04 crore during the quarter ended March 31, 2020, as compared to a profit before tax of Rs 108.40 crore in the corresponding period of the previous year. The bank's total income grew to Rs 2,341.88 crore during the quarter as compared to Rs 2026.59 crore during same period last year.

The bank made a one time provisioning of Rs 255 crore on some large value non performing assets (NPA) it sold to an asset reconstruction company in 2017. With this, the provisioning for the sold portfolio

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