Saturday, January 21, 2012

Syndicate Bank Q3 net up 32% at Rs 338 crore

State-owned Syndicate Bank today reported 32 per cent rise in net profit to Rs 338.12 crore for the third quarter ended December 31.

The bank had posted a net profit of Rs 256.19 crore for the corresponding quarter last fiscal, 2010-11, Syndicate Bank said in a filing to the BSE.

Total income of the lender rose to Rs 4,214.35 crore during the October-December quarter from Rs 4,015.54 crore in the same period last year.

During the first nine months of 2011-12, the bank's net net profit rose to Rs 1,003.96 crore, from Rs 758.85 crore in the same period a year ago.

The bank has reported a total income of Rs 11,919.90 crore in the first three quarters of this fiscal, compared to Rs 8,949.38 crore in the same period in the last financial year.

Source: www.economictimes.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

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