Syndicate Bank reports 38% fall in Q1 net profit

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

28 Jul 2015 Evaluate

Syndicate Bank has reported results for first quarter ended June 30, 2015.

The bank has reported 37.79% fall in its net profit at Rs 301.98 crore for the quarter as compared to Rs 485.42 crore for the same quarter in the previous year. However, total income of the bank has increased by 14.49% at Rs 6323.42 crore for quarter under review, as compared to Rs 5523.08 crore for the quarter ended June 30, 2014.

The bank’s gross non-performing assets (NPA) for the April-June quarter of the current fiscal has increased to 3.72%, as compared to 2.97% in previous quarter. Besides, bank’s Net NPA stood at 2.36% in Q1FY16.

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
View more..

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.