South Indian Bank Q2 net at Rs 770 Mn ($17.11 Mn)
Press Trust of India | Mumbai

South Indian Bank (SIB) has clocked its highest-ever quarterly net profit of Rs 770 million ($ 17.11M) for the second-quarter of the current fiscal as against Rs 725.6 mn ($ 16.12mn)  in the year-ago period. SIB notched-up a total income of Rs 6,243.8 Mn  ($ 138.75 Mn) as against Rs 5,343.8 Mn ($ 118.75M)  for the corresponding quarter of the previous year.

In H1 FY 11, SIB earned a total income of Rs 12,061.6 Mn ($ 268M)  as against Rs 10,556.2 Mn ($ 234.5M)  in the year-ago period, up 14.26%. Net profit was at Rs 1,354.4 mn ($ 30.1M).

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