Syndicate Bank has reported results for the quarter and year ended March 31, 2013
The bank’s net profit surged by 91.43% at Rs 592.34 crore for the fourth quarter as compared to Rs 309.43 crore for the quarter ended March 31, 2012. Total income of the bank has increased by 8.06% to Rs 4,780.75 crore for the quarter ended March 31, 2013 from Rs 4,424.33 crore for the quarter ended March 31, 2012.
For the year ended March 31, 2013, the bank’s net profit rose 52.61% at Rs 2,004.42 crore as compared to Rs 1,313.39 crore for the year ended March 31, 2012. Bank’s total income has increased by 11.94% to Rs 18,295.04 crore for the year under review from Rs 16,344.23 crore for the previous fiscal.
On consolidated basis, Group’s FY13 net profit grew by 67.87% at Rs 2,206.39 crore as compared to Rs 1,314.37 crore in FY12. Its total income has rose 13.16% to Rs 18,495.77 crore for the year ended March 31, 2013 from Rs 16,344.32 crore for the previous year.
