Shares of South Indian Bank rebounded over 2 per cent on the Bombay stock Exchange after the private sector lender reported a marginal growth of 3.52 per cent on a year-on-year basis in its net profit at Rs 75.54 crore in the fourth quarter ended March 31, 2017, driven by an increase in net interest income. Rebounding from previous session losses, shares of the bank gained as much as 2.23 per cent to hit an intra-day high of Rs 25.20 apiece on the Bombay Stock Exchange.
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Shares of South Indian Bank rebounded over 2 per cent on the Bombay stock Exchange after the private sector lender reported a marginal growth of 3.52 per cent on a year-on-year basis in its net profit at Rs 75.54 crore in the fourth quarter ended March 31, 2017, driven by an increase in net interest income. Rebounding from previous session losses, shares of the bank gained as much as 2.23 per cent to hit an intra-day high of Rs 25.20 apiece on the Bombay Stock Exchange.
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