Hey Buddy, I want to know the Non Performing Assets Of South Indian Bank so can you please tell me?

South Indian Bank posted a 45.7% jump in net profit at Rs95 crore for the June quarter of 2016-17 despite a jump in bad loans

Gross non-performing assets (NPAs), as a proportion of advances, deteriorated to 3.96% in the first quarter as against 1.85% in the same period last fiscal.

Net NPAs also rose to 2.89%, from 1.21% at the end of June 2015.

At the same time, provisioning for bad loans increased to Rs114.1 crore in the June quarter, from Rs79.5 crore in the same period last fiscal.

The bank’s net profit stood at Rs 65.2 crore in the same quarter of the previous fiscal. The total income of the bank also increased to Rs1,620.7 crore during the April-June quarter, from Rs1,480.5 crore in the same period of the last fiscal, South Indian Bank said in a regulatory filing to the stock exchanges.

South Indian Bank’s asset quality weakened during the quarter as gross NPAs increased to 3.98% in the quarter ended December 2016

In the quarter ended December 2016 grew by 9.59% to Rs111.38 crore compared with Rs101.63 crore in year-ago period but asset quality worsened.

Asset quality weakened during the quarter as gross non-performing assets (NPAs) increased to 3.98% in the quarter ended December 2016 from 2.75% quarter ended December 2015 and net NPA rose to 2.52% from 1.80% in corresponding quarter last year.

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