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Good show by South Indian Bank
Special Correspondent
KOCHI:
Total business of the Thrissur-based South Indian Bank Limited has gone up by Rs.1,981 crores from December 2004 to December 2005.
During the period, the deposit of the bank has increased by Rs.973 crores and advances by Rs.1,008 crores.
The segment assets show a clear shift of capital employed from treasury to other banking operations during the current year. This has resulted in an increase in the net interest income.
The net interest income has increased by 16.01 per cent from Rs.199 crores in December 2004 to Rs.230 crores in December 2005.
The net interest margin has increased from 2.90 per cent to 3.16 per cent during the said period.
Net NPA has come down from 3.85 per cent in 2004 to 2.42 per cent in December 2005, mainly on account of the higher recovery.
The recovery has increased from Rs.64 crores in the first nine months of 20004-`05 to Rs.103 crores in the first nine months of 20005-`06.
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