New Delhi, South Indian Bank on Thursday reported 13.88 per cent decline in March quarter net profit at Rs 287.56 crore.
The private sector bank earned a net profit of Rs 333.89 crore in the January-March period of the financial year 2022-23.
Total expenses rose to Rs 2,187 crore in the March quarter from Rs 1,757 crore in the year-ago period, South Indian Bank said in a regulatory filing.
The bank's total income in the fourth quarter of 2023-24 rose to Rs 2,621 crore from Rs 2,318 crore in the year-ago period.
For FY 2023-24, the bank's net profit increased by 38 per cent to Rs 1,070 crore from Rs 775 crore in FY 2022-23.
The bank's board has recommended a dividend of Rs 0.30 on each equity share (30 per cent) of face value Rs 1 for the financial year ending March 31, 2024.
Shares of South Indian Bank were trading at Rs 28.92, down 6.01 per cent from its previous close on BSE.
The private sector bank earned a net profit of Rs 333.89 crore in the January-March period of the financial year 2022-23.
Total expenses rose to Rs 2,187 crore in the March quarter from Rs 1,757 crore in the year-ago period, South Indian Bank said in a regulatory filing.
The bank's total income in the fourth quarter of 2023-24 rose to Rs 2,621 crore from Rs 2,318 crore in the year-ago period.
For FY 2023-24, the bank's net profit increased by 38 per cent to Rs 1,070 crore from Rs 775 crore in FY 2022-23.
The bank's board has recommended a dividend of Rs 0.30 on each equity share (30 per cent) of face value Rs 1 for the financial year ending March 31, 2024.
Shares of South Indian Bank were trading at Rs 28.92, down 6.01 per cent from its previous close on BSE.
