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South Indian Bank falls 3% post Q3 earnings
Source: IRIS | 20 Jan, 2015, 01.14PM
Rating: NAN / 5 stars.
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South Indian Bank, the private sector lender, witnessed a fall in share price on Tuesday after it 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.

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).



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