Syndicate Bank reports net loss of Rs 119.67 crore in Q3

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

28 Jan 2016 Evaluate

Syndicate Bank has reported results for third quarter ended December 31, 2015.

The bank has reported a net loss of Rs 119.67 crore for the quarter under review as compared to a net profit of Rs 304.99 crore for the same quarter in the previous year. However, total income of the bank has increased by 4.50% at Rs 6188.25 crore for quarter under review as compared to Rs 5921.58 crore for the quarter ended December 31, 2014.

Gross non-performing assets (NPAs) increased to 4.61% in the October- December quarter as against 3.60% in the same quarter previous year, while net NPAs stood at 3.04%.

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
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
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