Syndicate Bank has reported results for the fourth quarter and year ended March 31, 2017.
The Bank has posted a net profit of Rs 103.84 crore for the quarter ended March 31, 2017 as compared to a net loss of Rs 2158.17 crore for the same quarter in the previous year. Total income of the Bank increased by 5.95% at Rs 6913.09 crore for quarter under review as compared to Rs 6524.65 crore for the quarter ended March 31, 2016.
For the year ended March 31, 2017, the Bank has posted a net profit of Rs 358.95 crore as compared to a net loss of Rs 1643.49 crore for the same period in the previous year. Total income of Bank increased by 2.94% at Rs 26461.18 crore for the year as compared to Rs 25706.51 crore for the year ended March 31, 2016.
For the year ended March 31, 2017, on consolidated basis, the Bank posted a net profit of Rs 517.45 crore as compared to a net loss of Rs 1517.25 crore for the same period in the previous year. Total income of Bank increased marginally by 3.04% at Rs 26617.24 crore for year under review as compared to Rs 25831.40 crore for the period ended March 31, 2016.
