NEW DELHI: Public sector Syndicate Bank reported a 38 per cent decline in net profit at Rs301.98 crore in the first quarter of current fiscal.
The bank had a net profit of Rs485.42 crore in the April-June quarter of 2014-15 fiscal.
Total income increased to Rs6,323.42 crore during the June quarter, from Rs5,523 crore in the same period a year ago, Syndicate Bank said in a Bombat Stock Exchange (BSE) filing.
Gross Non-Performing Assets (NPA) of the bank rose to 3.72 per cent during the quarter, from 2.97 per cent in the same period a year ago.
Interest income during the first quarter rose to Rs5,823 crore, from Rs5,067 crore in the same period a year ago.
Shares of Syndicate Bank were trading at Rs96.50, down 2.62 per cent over previous close on BSE.