South Indian Bank has announced its financial results for the quarter ending September 30, 2024, showcasing robust growth across key financial metrics.
Standalone Financials (in ₹ crore):
- Net Interest Earned: ₹2,354.72 crore, comprising:
- Interest/discount on advances and bills: ₹1,878.03 crore
- Income on investments: ₹393.41 crore
- Interest on balances with RBI and other inter-bank funds: ₹52.01 crore
- Others: ₹31.27 crore
- Other Income: ₹449.47 crore
- Total Income: ₹2,804.19 crore
- Operating Expenses: ₹781.50 crore, which includes:
- Employee costs: ₹421.30 crore
- Other operating expenses: ₹360.20 crore
- Profit Before Provisions and Contingencies: ₹550.25 crore
- Provisions and Contingencies: ₹110.01 crore
- Net Profit After Tax: ₹324.69 crore
- Gross NPA Ratio: 4.40%
- Net NPA Ratio: 1.31%
Consolidated Financials (in ₹ crore):
- Net Interest Earned: ₹2,354.72 crore, consistent with standalone results.
- Other Income: ₹449.35 crore
- Total Income: ₹2,804.07 crore
- Operating Expenses: ₹781.28 crore, consisting of:
- Employee costs: ₹425.07 crore
- Other operating expenses: ₹356.21 crore
- Profit Before Provisions and Contingencies: ₹440.34 crore
- Provisions and Contingencies: ₹115.55 crore
- Net Profit After Tax: ₹324.79 crore
South Indian Bank’s strong financial performance reflects improved operational efficiencies, enhanced asset quality, and consistent profitability.
TOPICS:
South Indian Bank