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Net interest income (NII) jumped 43% to Rs 857 crore in the fourth quarter as compared with Rs 598 crore in corresponding quarter last year. Net interest margin (NIM) improved 87 bps to 3.67% in Q4 FY23 versus 2.80% in Q4 FY22.
On the asset quality front, Gross NPA stood at Rs 3,708.26 crore in Q4 FY23 as compared with Rs 3,648.09 crore in Q4 FY22.
Gross NPA ratio was 5.14% as of 31 March 2023 as against 5.90% as on 31 March 2022 and 5.48% as on 31 December 2022.
Net NPA ratio was 1.86% as of 31 March 2023 as against 2.97% as on 31 March 2022 and 2.26% as on 31 December 2022.
CASA grew by 2 % on a year on year basis with growth in SA by 2 % and CD by 3% respectively.
CRAR Basel III stood at 17.25% as at 31 March 2023 as against 15.86% as of 31 March 2022. Out of total CRAR, CET-1 was 13.66%.
On full year basis, the company's net profit stood at Rs 775.09 crore in FY23, steeply higher from Rs 44.98 crore in FY22. Total income increased 5.6% year on year to Rs 8,045.81 crore in FY23 over FY22.
The board has recommended a dividend of Rs 0.30 per equity share for FY23, subject to approval of shareholders.
South Indian Bank is a major private sector bank headquartered at Thrissur in Kerala, India.
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