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Syndicate Bank reports 25% fall in Q3 net profit

31 Jan 2014 Evaluate

Syndicate Bank has reported results for third quarter ended December 31, 2013.

The bank has reported 25.32% fall in its net profit at Rs 379.76 crore for the quarter as compared to Rs 508.49 crore for the same quarter in the previous year. However, Total income of the bank has increased by 11.61% at Rs 5011.28 crore for quarter under review as compared to Rs 4489.90 crore for the quarter ended December 31, 2012.

The bank’s gross NPA for the December 31, 2013 quarter of the current fiscal stood at 2.80%, as compared to 2.31% in the same quarter of the previous year. Besides, bank’s Net NPA stood at 1.66% as compared to 0.85% in the same quarter of the previous year.

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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