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Syndicate Bank’s Q1 consolidated net loss narrows to Rs 980 crore

25 Jul 2019 Evaluate

Syndicate Bank has reported results for first quarter ended June 30, 2019.

The Bank has reported net loss of Rs 980.46 crore for the quarter under review as compared to net loss of Rs 1,281.77 crore for the same quarter in the previous year. However, total income of the Bank increased by 7.86% at Rs 6,080.69 crore for Q1FY20 as compared Rs 5637.51 crore for the corresponding quarter previous year.

On the consolidated basis, the Bank has reported a net loss of Rs 980.39 crore for the quarter under review as compared to net loss of Rs 1,281.44 crore for the same quarter in the previous year. However, total income of the Bank increased by 7.86% at Rs 6,080.69 crore for Q1FY20 as compared Rs 5637.51 crore for the corresponding quarter previous year. 


Peers
Company Name CMP
State Bank Of India 958.10
PNB 116.80
Bank Of Baroda 236.00
Canara Bank 119.50
Union Bank Of India 172.30
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