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Syndicate Bank reports 7% rise in Q1 net profit

31 Jul 2014 Evaluate

Syndicate Bank has reported results for first quarter ended June 30, 2014.

The bank’s net profit for the quarter rose by 7.33% at Rs 485.42 crore as compared to Rs 452.28 crore for the quarter ended June 30, 2013. Its total income has increased by 16.86% to Rs 5523.08 crore for the quarter under review from Rs 4726.18 crore for the corresponding quarter of the previous year.

The bank’s gross NPA for the April-June quarter of the current fiscal stood at 2.97%, as compared to 2.38% in the same quarter of the previous year. Besides, bank’s Net NPA stood at 1.88% in Q1FY15.

Peers
Company Name CMP
State Bank Of India 958.10
PNB 116.80
Bank Of Baroda 236.00
Canara Bank 119.50
Union Bank Of India 172.30
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