Syndicate Bank reports 28% jump in Q1 net profit

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

30 Jul 2012 Evaluate

Syndicate Bank has reported results for first quarter ended June 30, 2012.

The bank has registered a rise of 28.38% in its net profit at Rs 440.22 crore for the quarter under review as compared to Rs 342.91 crore for the same quarter in the previous year. Total income of the bank has increased by 21.36% at Rs 4478.06 crore for Q1FY13 as compared Rs 3689.92 crore for the corresponding quarter previous year.

Gross non-performing assets (NPAs) declined marginally to 2.38% in the April-June quarter as against 2.39% in the same quarter previous year while net NPAs stood unchanged at 0.93%.

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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