South Indian Bank Q4 profit jumps 19% to Rs 408 crore as provisions tumble

Provisions fell sharply even as core earnings weakened

South Indian Bank reported 19% higher Q4 profit, rising to Rs 408 crore, largely due to a sharp decline in provisions. The bank’s operating profit and other income were weaker, but improving asset quality and healthy growth in advances and deposits helped stabilize performance and strengthen investor sentiment.