New Delhi, Jan 21 (UNI) Kerala based private lender South Indian Bank on Tuesday reported 12% jump in net profit y-o-y basis at Rs 342 crore during the third quarter of 2024-25 versus Rs 305 crore in the same quarter of last fiscal.
Total income of the bank grew near 7% at Rs 2818 Crore as against Rs 2637 crore in last year.
Mr. P R Seshadri, MD & CEO of the Bank, while announcing the results, stated that the strategy adopted by the Bank continues to enable the business performance. During the period, Bank registered growth in all the desired segments with a focus on quality asset across all verticals Corporate, Housing loan, Auto Loan, Personal Loan, Gold Loan etc.
He also stated that, in line with the strategic intent of the Bank viz, “Profitability through quality credit growth”, the Bank could on board fresh advances with low risk profile.
Capital adequacy of the Bank stood at 18.00% in December 2024 compared to 15.60% in December 2023, the bank said in a release.
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