South Indian Bank (SIB) posted a net profit of Rs584m for 1QFY11 (v/s our estimate of Rs548m), down 3% YoY. Adjusted for accrued interest on deposits not accounted during 1QFY10, net profit grew 30% YoY. Earnings were better than expected, led by higher net interest income (NII)....


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Source: Dalal Street Investment Journal
Dalal Street Investment Journal