The Thrissur-based South Indian Bank has made a net profit of Rs 110.52 crore for the second quarter of the financial year with an increase of 18.35 percent over the same period of the last financial year.
The operating profit of the bank stood at INR 297.34 crore, registering an increase of nearly 40 percent in the second quarter.
The total advances have increased to INR 44428 crore, representing a growth of 10.48 per cent. The growth drivers were home loan, agriculture, auto loan, and SME loans.
The deposits increased a growth of 13.49 percent to INR 60192 crore. CASA of the Bank has also increased to INR 13697 crore, marking a growth of 13.46 percent. CASA now stands at 22.76 per cent of total deposits. NRI deposit of the Bank too has increased by 19.92 percent to INR 15,476 crore.
The Capital Adequacy Ratio of the Bank was at 11.13 per cent as on September 30, 2016. The bank is exploring many options to infuse regulatory capital to support its growth plans.
Thrissur-based South Indian Bank Achieves Net Profit of INR 110.52 crore
