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South Indian Bank Q3 profit declines 27% to Rs 84 crore as bad loans rise

The bank had recorded a net profit of Rs 115 crore in the corresponding period of the previous financial year

Press Trust of India  |  New Delhi 

South Indian Bank Q3 profit declines 27% to Rs 84 crore as bad loans rise

Private sector lender Saturday posted a 27 per cent decline in at Rs 83.85 crore for the third quarter ended December 31, 2018.

The had recorded a of Rs 115 crore in the corresponding period of the previous financial year.

Total income of the lender, however, improved to Rs 1,921.93 crore during the quarter under review, as against Rs 1,735.77 crore in the year-ago period, said in a regulatory filing.

Gross non-performing assets (NPAs) rose to 4.88 per cent of the total advances, compared to 3.40 per cent at the end of the third quarter of 2017-18.

Net also increased to 3.54 per cent in October-December 2018 from 2.35 per cent a year ago.

First Published: Sat, January 19 2019. 14:15 IST
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