SyndBank Q1 Net Dips 38 Percentage to Rs 302 cr

Published: 29th July 2015 05:03 AM  |   Last Updated: 29th July 2015 05:03 AM   |  A+A-

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.

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