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South Indian Bank cracks 8 per cent over weak December quarter numbers

Shares of South Indian Bank slipped as much as 8.3 per cent to Rs 14.25 apiece in the intra-day trade on BSE after the company announced its December quarter results on Saturday.

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SI Reporter New Delhi
Shares of South Indian Bank slipped as much as 8.3 per cent to Rs 14.25 apiece in the intra-day trade on BSE after the company posted a 27 per cent decline in net profit at Rs 83.85 crore for the third quarter ended December 31, 2018, on Saturday.
 
The bank had recorded a net profit 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, South Indian Bank said in a