Photo: MintNew Delhi: South Indian Bank on Monday reported a jump of 51% in net profit at Rs114.10 crore for March quarter on healthy interest income and less provisioning for bad loans. The bank’s net profit during January-March, 2016-17 stood at Rs75.54 crore. In absolute terms, the gross NPAs were valued at Rs1,980.30 crore by end of 2017-18 from Rs1,149.01 crore a year ago. Net NPAs also increased to 2.60% (Rs1,415.80 crore) from 1.45% (Rs674.56 crore). For the entire fiscal, the net profit however fell 15% to Rs334.89 crore from Rs392.50 crore in 2016-17.

Source: Mint May 14, 2018 10:30 UTC