South Indian Bank Q4 net rises 26% to Rs 153 cr

South Indian Bank Q4 net rises 26% to Rs 153 cr New Delhi: South Indian Bank on Monday reported 26 percent rise in net profit at Rs 153.83 crore in the fourth quarter of 2012-13 fiscal.

The bank had reported profit of Rs 121.95 crore during the same quarter (January-March) in 2011-12.

Total income in Q4 rose to 1,286.37 crore from Rs 1,076.36 crore, the bank said in filing to the BSE.

For entire 2012-13, the profit of the bank stood at Rs 502.27 crore, up from Rs 401.65 crore last fiscal. The income rose to Rs 4,769.22 crore, from Rs 3,830.50 crore.

During Q4, 2012-13, the net non-performing asset (NPAs) or bad loan of the bank rose to 0.78 percent, from 0.28 percent. Gross NPAs during the quarter increased to 1.36 percent from 0.97 percent.

South Indian Bank scrip was trading at Rs 24.30, up 1.46 percent, on the BSE in the afternoon.

PTI