South Indian Bank Q1 net up

Thrissur-based South Indian Bank has made a net profit of ₹65.29 crore in the first quarter of financial year 2015-16. The bank ,in a press note, said net profit had increased by ₹49 crore on sequential basis and operating profit by ₹15.91 crore. Total business on a year-on-year basis had increased by 12 per cent while net NPA was at 1.21 per cent. The bank said it planned to move to Finacle 10 soon. It plans to open 25 new branches, 25 extension counters and 150 ATMs this financial year.