South Indian Bank is planning to open one branch and 79 ATMs in the fourth quarter so that the total number of branches and ATMs will be 800 and 1000 respectively by the end of the current fiscal. The bank has a target of adding 50 branches and 200 ATM per year, out of which 49 branches and 121 ATMs has already opened till December 31, 2013
South Indian Bank has reported 10.18% rise in its net profit at Rs 141.31 crore for third quarter ended December 31, 2013 as compared to Rs 128.25 crore for the same quarter in the previous year. Total income of the bank has increased by 11.79% at Rs 1334.74 crore for quarter under review as compared to Rs 1193.91 crore for the quarter ended December 31, 2012.
South Indian Bank has reported 10.18% rise in its net profit at Rs 141.31 crore for third quarter ended December 31, 2013 as compared to Rs 128.25 crore for the same quarter in the previous year. Total income of the bank has increased by 11.79% at Rs 1334.74 crore for quarter under review as compared to Rs 1193.91 crore for the quarter ended December 31, 2012.
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