South Indian Bank reports 45% net profit growth in Q1 FY25, reaching Rs 294 crore over Q1 FY24.
South Indian Bank reports 45% net profit growth in Q1 FY25, reaching Rs 294 crore compared to Rs 202 crore in Q1 FY24. Operating profit increased 3.56% from Rs 490.24 crore in Q1 FY24 to Rs 507.68 crore in Q1 FY25. Gross non-performing assets (NPA) decreased by 63 bps, and net NPA improved to 0.73%. Net interest income increased from Rs 807.77 crore to Rs 865.77 crore, registering a growth of 7.18%.
July 18, 2024
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