Manipal-based public sector lender Syndicate Bank has inaugurated a dedicated counter for exchange of coins and small notes on retail basis on December 17, 2012, as per the Reserve Bank of India’s directive for the benefit of general public. This counter is opened in branch located at Mehdipatnam-Mallepally road, Hyderabad.
The bank has posted a rise of 43.48% in its net profit at Rs 463.37 crore for the quarter ended September 30, 2012 as compared to Rs 322.94 crore for the same quarter in the previous year. Total income has increased by 13.22% at Rs 4546.33 crore for quarter under review as compared to Rs 4015.64 crore for the quarter ended September 30, 2011.
