Syndicate Bank has reported result for the fourth quarter and year ended March 31, 2015.
The bank has posted a rise of 1.86% in its net profit at Rs 416.92 crore for the quarter ended March 31, 2015 as compared to Rs 409.3 crore for the same quarter in the previous year. Total income of the bank has increased by 23.18% at Rs 6599.13 crore for quarter under review as compared to Rs 5357.4 crore for the quarter ended March 31, 2014.
For the year ended March 31, 2015, the bank has posted a fall of 11.02% in its net profit at Rs 1522.93 crore as compared to Rs 1711.46 crore for the same period in the previous year. However, total income of the bank has increased by 18.95% at Rs 23724.75 crore for year under review as compared to Rs 19945.21 crore for the period ended March 31, 2014.
For the year ended March 31, 2015, on the consolidated basis, the bank has posted a fall of 10.13% in its net profit after tax at Rs 1667.08 crore as compared to Rs 1855.08 crore for the same period in the previous year. However, total income of bank has increased by 18.82% at Rs 23867.58 crore for year under review as compared to Rs 20087.72 crore for the period ended March 31, 2014.
