Is South Indian Bank in loss?
Answer (1)
11th Feb, 2023
Due to lower provisioning and higher net interest margins, South Indian Bank, based in Thrissur, reported a net profit of Rs 223.1 crore for the quarter that ended in September 2022 as opposed to a loss of Rs 187 crore during the same period in the previous year. On an annual basis, the Bank's net interest margin (NIM) increased from 2.49% to 3.21%.
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