South Indian Bank reports Rs 115 crore net profit in Q1
Its net interest margin, a key profitability parameter, improved to 2.74% from 2.55% a year back. Asset quality, which remained a drag for quite some time, has improved, with gross non-performing assets ratio falling to 5.87% from 8% a year back. Net NPA was at 2.87% against 5.05%.
