FY19 Q2 Earnings " South Indian Bank "

South Indian Bank Q2 profits jump 16 fold to Rs 70 cr. The bank had posted a profit of Rs 4.32 cr in the corresponding quarter last year.

Net NPA stood 3.16% over 3.27% on QoQ basis.

Net Interest Income incresed marginally by 0.65% YoY to Rs 506 cr for the quarter under review against Rs 503 cr in the same period last year.

Provisions declined to Rs 204 cr over Rs 454 cr.