South Indian Bank Ltd.

NSE: SOUTHBANK | BSE: 532218 | ISIN: INE683A01023 | Industry: Banks
| Risky Value
8.05 0.10 (1.26%)
NSE Aug 18, 2022 13:29 PM
Volume: 5.5M
 

Rapid Results Alerts
South Indian Bank Ltd.    
27 Jul 2022
8.05
1.26%

South Indian Bank Announced Q1FY23 Result :

  • Reported 1018% growth in profit after tax on YoY basis to touch Rs.115 crores in Q1-2023
  • Net Interest Margin improved by 19 bps YoY to 2.74% in Q1-2023
  • Provision coverage ratio improved by 1000 bps YoY to reach 70.11%
  • GNPA ratio improved by 215 bps YoY to 5.87% and Net NPA ratio improved by 218 bps YoY to 2.87%
  • Gold loan continue to grow consistently and rose 27% YoY to Rs. 11,961 crores
  • Share of A & above rated large corporates improved from 56% in Jun 2021 to 88% in Jun 2022
  • CASA amount increased by 18% YoY to Rs. 30,335 crores; CASA ratio improved by 399 bps YoY to 34.39%
  • NRI deposits has grown consistently to Rs. 27,598 crores
  • Remittance business grew by 22% YoY
  • Core fee income grew by 41% YoY to Rs. 128 crores
  • About 94% of banking transactions are done digitally
  • Mobile banking transactions volume increased by 119% YoY to 73 million transactions
  • Capital adequacy position continued to be robust with CRAR of 16.25% from 15.47% and Tier I ratio of 13.62% from 12.73%

 

 

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