Police foil ATM break-in attempt in Kasaragod, culprit flees, investigation ongoing, case registered by South Indian Bank.

ATM robbery bid in Kasaragod

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The bank is also shifting its focus on loan mix to micro small and medium enterprises (MSMEs) and retail, from the current bias towards corporates

South Indian Bank is looking to expand beyond Kerala, says MD & CEO

The private lender’s board is scheduled to meet on Tuesday, 30 July 2024 to mull the proposal of raising of funds.

South Indian Bank to consider fund raising on Jul 30

Equity markets react to capital gains tax hike but recover losses. Focus on L&T, Axis Bank, HUL, Bajaj Finance, Tata Consumer for news developments and earnings. Companies like Bajaj Finance and ICICI Pru Life report positive profit growth. South Indian Bank plans fund raising, while Torrent Pharma and Tata Consumer announce financial results.

Stocks in news: L&T, Axis Bank, HUL, Bajaj Finance, Tata Consumer

South Indian Bank: The bank’s standalone net profit rose 45.4 per cent to Rs 294.1 crore in Q1FY25, as opposed to Rs 202.4 crore in Q1FY24.

South Indian Bank share price jumps 6% on strong June quarter show

Expect Net Interest Margin To Be At 3.5% In The Medium Term: South Indian Bank | CNBC TV18

South Indian Bank jumped 3.21% to Rs 27.35 after the bank’s standalone net profit increased 45.35% to Rs 294.13 crore in Q1 FY25 as against Rs 202.35 crore recorded in Q1 FY24.

Spotlight

South Indian Bank climbs after Q1 PAT jumps 45% YoY to Rs 294 cr

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South Indian Bank on Thursday reported a 45.29 per cent jump in its June quarter net profit at Rs 294 crore, helped by lower provisions.

South Indian Bank Q1 results: PAT up 45% at Rs 294 cr on lower provisions

The bank’s net interest income went up from Rs 807.77 crore to Rs 865.77 crore, up 7.18 % on a year-on-year basis. Gross advances grew by Rs. 8,478 crore from Rs. 74,102 to Rs. 82,580 Crore, up 11.44 percent on a year-on-year basis.

South Indian Bank Q1 Results: Net profit soars 45% YoY to Rs 294 crore

Hasn't fared well - amongst the low performers

Performance

Undervalued compared to the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

The South Indian Bank Limited provides retail and corporate banking, Para banking activities, such as debit card, third-party product distribution, in addition to Treasury and Foreign Exchange Business.