South Indian Bank net profit up 17.4% on higher net interest income
South Indian Bank's net profit rose 17.4% to ₹378 crore for the quarter ending June 30, driven by a 23% increase in net interest income, which reached ₹1,025 crore. The improvement in asset quality contributed significantly to this growth, reflecting the bank's consistent performance across all targeted segments, according to Managing Director and CEO P.R. Seshadri. This positive trend indicates the bank's strengthening financial position in a competitive market.