South Indian Bank, the private sector lender, on Wednesday reported a rise of 10.28% in its first quarter net profit.

The bank has reported a profit of Rs 1.27 billion for the quarter ended Jun. 30, 2014, compared with Rs 1.15 billion, a year ago.

Quarterly income totaled Rs 14.66 billion, an increase of 9.16% over Rs 13.43 billion in the same period a year ago.

Capital Adequacy Ratio (CAR) of the bank, under Basel III, was at 12.19% as on Jun. 30, 2014.

Net NPA was at Rs 3.11 billion for the quarter ended Jun. 30, 2014, as compared to Rs 3.48 billion for the quarter ended Jun. 30, 2013, representing a decrease of 10.87%.

Shares of the bank declined Rs 0.45, or 1.34%, to trade at Rs 33.25. The total volume of shares traded was 7,740,914 at the BSE (1.25 p.m., Wednesday).