Syndicate Bank reports 1.46% rise in Q2 net profit

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

28 Oct 2013 Evaluate

Syndicate Bank has reported results for second quarter ended September 30, 2013.

The bank has reported a rise of 1.46% in its net profit at Rs 470.12 crore for the quarter ended September 30, 2013 as compared to Rs 463.37 crore for the same quarter in the previous year. Total income of the bank increased by 6.69% at Rs 4850.35 crore for quarter under review as compared to Rs 4546.33 crore for the quarter ended September 30, 2012.

Gross non-performing assets (NPAs) moved higher to 2.88% in the July-September quarter as against 2.47% in the same quarter previous year, while net NPAs too increased to 1.66%.

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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