South Indian Bank, the private sector lender, today reported a fall of 37.78% in third quarter profit. The bank reported a profit of Rs 879.30 million for the quarter ended Dec. 31, 2014, compared with Rs 1,413.10 million, a year ago.
 
Quarterly income totalled at Rs 14.67 billion, an increase of 9.97% over Rs 13.34 billion in the same period a year ago.

Net NPA was at 3.79 billion for the quarter ended Dec. 31, 2014, as compared to Rs 3.91 billion in the same period last year, representing a decrease of 3.07%.

In percentage term, net NPAs were at 1.04% at the end of the quarter lower than 1.18% from last year period.
 
Capital adequacy ratio (CAR) of the bank under Basel III was at 11.38% as on Dec. 31, 2014.

Shares of the bank declined Rs 0.90, or 2.95%, to trade at Rs 29.60 at the BSE (1.03 p.m., Tuesday).