Published on 10/01/2018 11:56:05 AM | Source: Dion Global Solutions Ltd

South Indian Bank extends loss post Q3; scrip down 2%

Shares of South Indian Bank fell nearly 2 per cent on the Bombay Stock Exchange after the private sector lender reported a 3.25 per cent increase in net profit at Rs 115 crore for the third quarter ended December 2017, as compared to Rs 111.38 crore in the October-December quarter of last fiscal. Extending previous session losses, stocks of the bank declined as much 1.96 per cent to touch an intra-day low of Rs 32.50 apiece on the Bombay Stock Exchange.

In a similar fashion, shares of the lender were trading 1.96 per cent lower at Rs 32.55 apiece on the National Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 34,404.92, down 38.27 points, or 0.11 per cent, at 11:25 hours.