Kochi, May 16 -- South Indian Bank (SIB) has declared a net profit of Rs 1302.88 crore for FY 24-25, registering a growth of 21.75% compared to Rs 1070.08 crore in FY 23-24.
While declaring the results, PR Seshadri, MD & CEO, stated that the bank achieved its highest ever business of Rs 1,95,104.12 crore in the history of the bank.
It achieved an operating profit of Rs 2,270.08 crore and other income of Rs 1,813.43 crore. It recorded net interest income of Rs 3,485.64 crore in this FY 24-25.
The Board of Directors had recommended a 40% dividend subject to approval of the shareholders in the AGM.
The retail deposit grew by Rs 7,007 crore from Rs 97,743 crore to Rs 1,04,749.60 crore Y-o-Y, showing an increase of 7.17% on a Y-o-Y basis.
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