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South Indian Bank Q3 profit rises 9.6% to Rs 111 cr

South Indian Bank,  Financial Results

New Delhi: South Indian Bank today posted 9.6 per cent increase in net profit at Rs 111.38 crore for the third quarter of 2016-17.

The bank had recorded a net profit of Rs 101.63 crore in the October-December quarter of last fiscal, South Indian Bank said in a filing to stock exchanges.

Total income of the lender also increased to Rs 1,737.47 crore during the quarter under review from Rs 1,560.98 crore in the year-ago period.

Gross non-performing assets (NPAs) rose to 3.98 per cent of total advances during the third quarter from 2.75 per cent in the same quarter previous fiscal.

The bank’s net NPAs also rose to 2.52 per cent during the quarter from 1.8 per cent of the total assets in the year-ago period.

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