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Is South Indian Bank in loss?


pravesh.sharma 11th Feb, 2023
Answer (1)
pravesh.sharma 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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