Live
- SCDRC vested with authority to enforce orders, issue warrants, rules Delhi High Court
- RTC Driver Dies of Heart Attack While Driving Bus
- Rs 1,000 crore earmarked for venture fund to Indian space startups: Minister
- Rahul Gandhi has not improved, he's aligned with anti-national elements: Union Minister Rijiju
- AI can help improve advanced pain management, find researchers
- Haryana sees 67.90 pc polling, says Chief Electoral Officer
- Gujarat to mark 23 years of progress under Narendra Modi's leadership with 'Vikas Saptah'
- Women’s T20 WC: Too soon to say anything, medics are looking at it, says Smriti on Harmanpreet’s injury
- World Cerebral Palsy Day: Raising awareness key to build inclusive society
- Militants in Gaza fire three rockets into Israel
Syndicate Bank quarter end profit increases by 26 per cent
Syndicate Bank’s profit for the last quarter ending on June 30, 2017 increased by 26 per cent, according to the bank release. The bank’s net interest income and non-interest income increased by 8 and 9 per cents respectively. The gross NPA ratio stood at 9.96 per cent while the Net NPA ratio stood at 6.27 per cent.
Bengaluru: Syndicate Bank’s profit for the last quarter ending on June 30, 2017 increased by 26 per cent, according to the bank release. The bank’s net interest income and non-interest income increased by 8 and 9 per cents respectively. The gross NPA ratio stood at 9.96 per cent while the Net NPA ratio stood at 6.27 per cent.
As part of providing enhanced customer service, bank has implemented Green PIN project. The bank has also launched UPI application for the IOS mobile phones, bilingual in internet banking.
The banks total business increased to Rs 4,75,313 cr against Rs 4,68, 764 cr the previous year. The bank’s total deposits increased to Rs 2,72,578 cr on June 30, 2017 from Rs 2,63,915 cr on June 30, 2016. Total advances of the bank stood at Rs 2,02,735 cr on June 30, 2017 as against 2,04,849 cr on June 30, 2016.
