South Indian Bank Q2 net profit up at Rs.77 crore
October 21st, 2010 - 3:54 pm ICT by IANSThrissur (Kerala), Oct 21 (IANS) Private sector South Indian Bank (SIB) Thursday declared its highest ever quarterly net profit of Rs.77.00 crore for the second quarter as against Rs.72.56 crore for the corresponding period of the previous year.
The total business of the bank increased by Rs.9,942 crore to Rs.43,089 crore from Rs.33,147 crore on a year-on-year basis, registering a growth of 29.99 per cent.
The Thrissur-based bank earned a total income of Rs.1,206.16 crore in the past six months as against Rs.1,055.62 crore during the same period the previous year, registering a growth of 14.26 per cent.
SIB last week opened 30 new branches and 40 ATMs on a single day across the country, taking the total number of outlets to over 1,000.
It recently launched a next generation banking product for the non-resident Indians, “SIB FLASH”, and became the only bank in the country to offer Straight Through Processing (STP) and confirmation of beneficiary credit through SMS to mobiles of remitters and beneficiaries in less than 60 seconds of completion of remittance.
- South Indian Bank net profit up - Jan 20, 2011
- South Indian Bank net profit up by 20 percent - Apr 30, 2010
- UCO Bank's net up 22.35 percent in Q3 - Jan 28, 2011
- Deal between Sri Lankan, Kerala banks - Mar 21, 2010
- 30 bank branches, 40 ATMs opened on a single day - Oct 15, 2010
- South Indian Bank launches remittance facility - Aug 17, 2010
- Vijaya Bank net zooms 235 percent in Q4 - Apr 30, 2012
- South Indian Bank largest service provider for pension scheme - Oct 26, 2009
- PNB quarterly net profit rises 5.5 percent - Jan 31, 2012
- Canara Bank net up 79 percent in fourth quarter - May 05, 2011
- UCO Bank's net up by 94.12 percent in Q2 - Oct 31, 2011
- Diaspora remittances 31.23 per cent in Kerala: Study - Jan 12, 2012
- Punjab National Bank's quarterly net profit jumps 8 percent - Jan 21, 2011
- IOB targets 20 percent business growth in 2012-13 - May 05, 2012
- South Indian Bank aims Rs.48,000 crore business - Mar 16, 2010
Tags: atms, beneficiaries, beneficiary, confirmation, indians, net profit, next generation, previous year, private sector, rs 1, second quarter, sib, single day, six months, sms, south indian bank, stp, thrissur kerala