South Indian Bank Tanks as Bad Assets Soar in Q1

The South Indian Bank shares fell as much as 7 per cent to intraday low of Rs 23.60 after the private lender reported rising bad loans in the June quarter. South Indian Bank's net profit slumped by half because of the jump in stressed assets.   Gross non-performing assets increased 11 per cent sequentially to Rs 714 crore. As a percentage of total advances, GNPA stood at 1.85 per cent against 1.71 per cent in the March quarter. Simil...