Thrissur-based South Indian Bank (SIB) has declared its first quarter financial results for the fiscal year 2010-11.

The bank has registered a net profit of Rs 58.44 crore for the quarter that ended in 30th June, 2010. This net profit figure was Rs 60.11 crore in the corresponding quarter in the last fiscal. This has been informed by SIB in a filing at the Bombay Stock Exchange.  

There has been a marginal decline in the net profit figure for the bank in the quarter under review against its like period in previous fiscal.

The total income of the bank has gone up to Rs 581.78 crore during the April-June quarter of fiscal year 2010-11. It was Rs 521.24 crore for the same quarter in the preceding year.

There has been a hike of 11.61% in the total income of the South Indian Bank in June quarter against same period in last year. The annual Earnings per Share have also increased to Rs 20.74 from Rs 20.69 in this time period.