Syndicate Bank reports 5% rise in Q2 net profit

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

28 Oct 2015 Evaluate

Syndicate Bank has reported results for second quarter ended September 30, 2015.

The bank has posted a rise of 5.31% in its net profit at Rs 332.37 crore for the quarter ended September 30, 2015 as compared to Rs 315.60 crore for the same quarter in the previous year. Total income has increased by 17.41% at Rs 6670.19 crore for quarter under review as compared to Rs 5680.96 crore for the quarter ended September 30, 2014.

Gross non-performing assets (NPAs) of the bank have increased to 3.72% for the quarter as against 3.43% in the previous quarter. Besides, bank’s Net NPA stood at 2.37% in Q2FY16.

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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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
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Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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