🟡 Medium ImpactEarnings
South Indian Bank reports record profit despite NIM pressure.
South Indian Bank reports record profit despite NIM pressure. The bank posted a record net profit of ₹298 crore in Q4, up from ₹180 crore year-ago, driven by lower slippages and cost optimization. Net interest margin dipped to 3.8% from 4.1% due to higher deposit costs. Asset quality remains stable with NPA at 2.36%.
📊 STOCKS: SOUTHBANK | 🏢 SECTOR: Banking | #MEDIUMIMPACT #Earnings
#Earnings#NIM#PrivateBank
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⚠️ This brief is AI-generated from public news sources for informational purposes only. Not investment advice. Always consult a SEBI-registered advisor before trading.
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