Syndicate Bank reports over 3-fold jump in Q3 consolidated net profit

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

12 Feb 2020 Evaluate

Syndicate Bank has reported results for third quarter ended December 31, 2019.

The Bank has reported 4-fold jump in its net profit at Rs 434.82 crore for the quarter under review as compared to Rs 107.99 crore for the same quarter in the previous year. Total income of the bank increased by 3.93% at Rs 6316.57 crore for Q3FY20 as compared Rs 6077.62 crore for the corresponding quarter previous year.

On the consolidated basis, the bank has reported over 3-fold jump in its consolidated net profit at Rs 480.37 crore for the quarter under review as compared to Rs 121.07 crore for the same quarter in the previous year. Total income of the bank increased by 3.93% at Rs 6316.57 crore for Q3FY20 as compared Rs 6077.62 crore for the corresponding quarter previous year.

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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