Syndicate Bank has opened its 3000th branch at Dodda Kammanahalli, Bangalore. The branch was formally inaugurated by M.G. Sanghvi, Chairman and Managing Director of the bank. The bank has also opened its 3001st branch at Imphal, Manipur; with this the bank has presence in all the States of India.
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.
