Hyderabad, Jan 21 (UNI) South Indian Bank on Tuesday declared its highest ever quarterly net profit of Rs. 341.87 Crore for Q3 FY 2024-25, registering a growth of 11.96 per cent compared to Rs. 305.36 crore in the corresponding period in previous year.

The bank’s operating profit for the quarter increased by 9.39 per cent from Rs. 483.45 Crore in Q3 FY 24 to Rs. 528.84 Crore in Q3 FY 25, the Kerala based bank said in a release.

The Gross NPA came down by 44 bps from 4.74 per cent to 4.30 per cent on Y-o-Y basis while the Net NPA dropped by 36 bps from 1.61 per cent to 1.25 per cent on Y-o-Y basis

Net interest income went up from Rs. 819.03 Crore to Rs. 869.26 Crore, registering a growth of 6.13 percent on Y-o-Y basis.

Retail Deposits grew by Rs. 7,332 Crore from Rs. 95,088 Crore to Rs. 1,02,420 Crore, showing an increase of 7.71 per cent on Y-o-Y basis.

NRI Deposit grew by Rs. 1,896 Crore from Rs. 29,236 Crore to Rs. 31,132 Crore, showing an increase of 6.49 per cent on Y-o-Y basis.

The bank has 950 branches, 2 Ultra Small Branches, 3 Satellite branches, 1154 ATMs and 126 CRMs across India, and a Representative Office in Dubai, UAE. South Indian Bank is a pioneer in technology-based banking, offering an array of digital products and services. UNI KNR SSP