South Indian Bank Q3 net profit rises 10%, provisions up 94%
Many analysts have expected that NII of most banks would be under pressure led by decline in credit-to-deposits. The pressure under NII was recorded in South Indian Bank this Q3. It stood at Rs 417.52 crore, which was up by 2.65% yoy but down by 6.21% qoq.
Provisions and contingencies were at Rs 206.63 crore, increasing by 94.21% year-on-year (yoy) and 61.01% quarter-on-quarter basis (qoq). Photo: Youtube