South Indian Bank share price zooms over 19% to record high on strong volumes

The private sector lender last week reported its highest ever quarterly net profit of ₹351 crore, an 8% YoY surge as compared to 325 crore in the same period last year. Although the bank’s net interest income (NII) came in lower, a rise in non-interest income and a sharp decline in provisions supported the bottom-line performance.