South Indian Bank has registered a 15.58 per cent increase in net profit at Rs 101.63 crore for the quarter ended December 31, 2015.
The bank had posted a net profit of Rs 87.93 crore in the corresponding period of the previous fiscal.
Total income increased to Rs 1,560.98 crore, up 6.39 per cent from Rs 1,467.13 crore in the December quarter last fiscal, the bank said in a BSE filing.
Provisions towards bad loans and contingencies rose to Rs 106.39 crore during the quarter, up 23.75 per cent as against Rs 85.97 crore in the same period a year ago.
Its gross Non-Performing Assets (NPAs) increased to 2.75 per cent in third quarter of 2015-16 from 1.8 per cent a year ago.
Net NPAs stood at 1.8 per cent of the total advances, compared with 1.04 per cent in the corresponding quarter of the previous fiscal.
South Indian Bank shares were trading at Rs 18.15 per scrip, down 1.09 per cent from their previous close on the BSE. PTI SVK ANU
