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South Indian Bank's Q4 net down 19% at Rs 127 crore

Kerala-based South Indian Bank has reported 19 percent fall in net profit at Rs 124.60 crore for the fourth quarter ended March 31, 2014.



New Delhi: Kerala-based South Indian Bank has reported 19 percent fall in net profit at Rs 124.60 crore for the fourth quarter ended March 31, 2014.

It had reported Rs 153.83 crore profit in the January- March quarter of the previous fiscal year 2012-13.

The bank's total income in Q4, 2013-14 was Rs 1,399.18 crore, up from Rs 1,286.37 in the year-ago period.

For the entire 2013-14 fiscal, net profit of the bank rose by a marginal 1.04 percent at Rs 507.50 crore, while total income rose by 12.9 percent to Rs 5,383.53 crore.

From Zee News

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