Syndicate Bank reports 20% fall in Q3 net profit

Syndicate Bank - (Amalgamated) | Bank - Public | BFSI | BSE: 532276 | NSE: SYNDIBANK

11 Feb 2015 Evaluate

Syndicate Bank has reported results for third quarter ended December 31, 2014.

The bank has registered a fall of 19.69% in its net profit at Rs 304.99 crore for the quarter under review as compared to Rs 379.76 crore for the same quarter in the previous year. However, total income of the bank has increased marginally by 18.17% at Rs 5921.58 crore for Q3FY15 as compared Rs 5011.28 crore for the corresponding quarter previous year.

Gross non-performing assets (NPAs) increased to 3.60% in the October- December quarter as against 2.80% in the same quarter previous year, while net NPAs stood at 2.38%.

Peers

Company Name	CMP
State Bank Of India	989.80
PNB	117.20
Bank Of Baroda	234.80
Canara Bank	123.50
Union Bank Of India	177.00
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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