South Indian Bank has announced the results of the second quarter of the current financial year. Giving information to the exchange, the company said that there has been a good jump in its profits. On an annual basis, the company's profit has increased from Rs 275 crore to Rs 325 crore.

The bank told the exchange that gross NPA has come down from 4.5% to 4.4% on a quarter-on-quarter basis. Talking about net NPA, it has also declined. Net NPA has come down from 1.44% to 1.31% on a quarter-on-quarter basis. The

bank's interest earnings (NII) have also increased. The bank's NII has increased from Rs 831 crore to Rs 882 crore on a year-on-year basis. Provisioning has come down from Rs 113 crore to Rs 110 crore on a quarter-on-quarter basis. Growth in business Earlier this month, South Indian Bank announced its business update for the September quarter. The business's gross advances grew 13.1% to Rs 84,741 crore compared to last year, while its deposits grew 8.6% year-on-year to Rs 1,05,455 crore. The CASA ratio increased to 31.85% from 32.03% at the end of the September quarter. South Indian Bank shares have recovered from the day's low after the announcement of results and are currently trading 3.3% higher at ₹ 24.77. There has been no change in the stock so far this year. Stock Performance Talking about the stock performance of South Indian Bank, investors have got a return of 4.34 percent in 1 week. During 3 years, investors have got a return of 138.95 percent.