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Syndicate Bank stock zooms over 14 per cent post Q2 results

The state-owned bank yesterday reported 27.68 per cent jump in the July-September quarter profit to Rs 105.24 crore on annual basis.

Published: 01st November 2017 12:34 PM  |   Last Updated: 01st November 2017 04:01 PM   |  A+A-

Sensex (File | Reuters)

Image used for representational purpose. (File | Reuters)

By PTI

NEW DELHI: Shares of Syndicate Bank today jumped over 14 per cent after the lender reported 27.68 per cent jump in the July-September quarter profit.

Opening the day on a positive note, the stock soared 14 per cent to Rs 94 on BSE.

On NSE, it surged 14.12 per cent to Rs 94.15.

The state-owned bank yesterday reported 27.68 per cent jump in the July-September quarter profit to Rs 105.24 crore on annual basis, notwithstanding the rise in bad loans.

The Manipal-headquartered bank had posted a profit of Rs 82.42 crore in the same quarter of the previous fiscal.

Its total was income was Rs 6,419.21 in the second quarter of the current fiscal, down from Rs 6,574.93 crore in the comparable period of 2016-17.

Operating profit, however, increased to Rs 1,17,3.74 crore from Rs 1,016.54 crore in the year ago quarter.

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