Syndicate Bank today reported 50.38 per cent growth in net profit at Rs 508.49 crore for the third quarter ended December 31, 2012.

The bank had a net profit of Rs 338.12 crore in the October-December quarter of last fiscal.

Total Income has increased to Rs 4,489.90 crore during the third quarter, from Rs 4,214.35 crore for the quarter ended December 31, 2011, the public sector bank said in a BSE filing.

Interest income of the bank grew by over 6 per cent to Rs 4,220.59 crore during the three month period ending December 2012. In the year-ago period, the interest income stood at Rs 3,973.94 crore.

Shares of Syndicate Bank were trading at Rs 132.30, down 5.23 per cent over previous close on the BSE in late afternoon trade.