South Indian Bank Q2 profit up 23%, NPAs improve

South Indian Bank Q2 profit up 23%, NPAs improve. Net profit rose 23% YoY in Q2, driven by lower provisioning and improved asset quality with gross NPA ratio declining to 4.8% from 5.6% in prior year. Operating income grew 12%, aided by strong credit growth and lower cost of funds. Shares surged 5% post results.

📊 STOCKS: SOUTHBANK | 🏢 SECTOR: Banking | #HIGHIMPACT #Earnings