The South Indian Bank has posted its 1st Q results of FY08. The bank has announced the net profit of Rs 30.3 crore (Rs 303 million) in the first quarter versus Rs 15.05 crore (Rs 150.5 million) in corresponding quarter of previous year.

However, the CNBC-TV18 estimates articulated that, the bank's net profit in Q1 was expected to be up 56.8% at Rs 23.6 crore versus Rs 15.05 crore on YoY basis.