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South Indian Bank reported a net profit of Rs 202.3 crore for the April-June FY24 quarter on July 20, compared to Rs 115 crore in the corresponding quarter last year.
The private sector lender’s gross non-performing asset (GNPA) stood at 5.13 percent, down from 5.14 percent recorded in the same quarter last year. Whereas, the net NPA (NNPA) of the lender for the quarter stood at 1.85 percent, declining from 1.86 percent on a year-on-year basis.
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