Other income fell 14% to Rs 103.83 crore, which took net total income down 4% to Rs 444.17 crore.

Operating expenses increased 9% to Rs 263.28 crore, after which OP fell 18% to Rs 180.89 crore.

Provision and contingencies fell 16% to Rs 79.51 crore, after which PBT fell 20% to Rs 101.38 crore.

EO gains were nil against Rs 43.39 crore. thus PBT after EO fell 40% to Rs 101.38 crore.

As tax expenses fell 16% to Rs 36.09 crore, net profit dived 48% to Rs 65.29 crore.

In FY 2015, South Indian Bank registered 5% rise in Interest income to Rs 5286.22 crore. An 8% rise in interest expenses to Rs 3919.99 crore saw net interest income (NII) falling 2% to Rs 4366.23 crore.

Other income grew 35% to Rs 497.07 crore, which took net total income up 5% to Rs 1863.30 crore.

Operating expenses grew 19% to Rs 1047.04 crore, after which OP fell 8% to Rs 816.26 crore.

Provision and contingencies jumped 166% to Rs 414.05 crore after which PBT fell 45% to Rs 402.21 crore.

EO gain was Rs 43.39 crore against nil. Thus PBT after EO fell 39% to Rs 445.60 crore.

As tax expenses fell 38% to Rs 138.40 crore, net profit fell 39% to Rs 307.20 crore.

Asset Quality

Gross NPA rose from Rs 517.30 crore as of June 2014 and from Rs 643.56 crore in March 2015 quarter to Rs 713.83 crore as of June 2015.

In percentage terms, %GNPA rose from 1.50% as of June 2014 and from 1.71% from March 2015 quarter to 1.85% as of June 2015.

Net NPA rose from Rs 310.54 crore as of June 2014 and from Rs 357.05 crore in March 2015 quarter.

to Rs 463.98 crore as of June 2015

In percentage terms, %NNPA rose from 0.91% as of June 2014 and from 0.96% from March 2015 quarter.to 1.21% as of June 2015.

Capital adequacy ratio

Capital adequacy ratio (Basel III) stood at 11.46% as on June 2015 against 12.19% in June 2014.

Book Value

Book Value per share stands at Rs 26.0 per share at end June 2015.

Adjusted Book value (adjusting for NNPA and 10% of restructured advances) stood at Rs 21 per share at end June 2015.

Valuation

The share price trades at Rs 23.