South Indian Bank: Great March 2018 Quarter but Medium Term Cloudy
Moneylife Digital Team 21 May 2018
South Indian Bank reported a net profit of Rs141 crore for the quarter ending March 2018, up 51% y-o-y (year-on-year). Increase in profits was led by higher incomes -- both, interest income and other income -- and lower provisions.
Net interest income was up 12.10% y-o-y, largely due to loan book growth of 17.60% y-o-y. This was driven mainly by loans to SMEs (small and medium enterprises) and...
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