Syndicate Bank has reported results for first quarter ended June 30, 2017.
The Bank has reported a net loss of Rs 263.19 crore for the quarter under review as against a net profit of Rs 79.13 crore for the same quarter in the previous year. Total income of the Bank decreased by 3.86% at Rs 6171.49 crore for Q1FY18 as compared Rs 6419.12 crore for the corresponding quarter previous year.
The Bank’s gross NPA for the April-June quarter of the current fiscal increased to 9.96%, as compared to 7.53% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 6.27% in Q1FY18.
