MoneyWorks4Me

Syndicate Bank opens counter for exchange of coins

18 Dec 2012 Evaluate

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.

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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