Syndicate Bank Q4 profit declines 31 pc to Rs 409 crore

State-owned Syndicate Bank today recorded a 31 per cent decline in net profit to Rs 409.3 crore in the fourth quarter ended March 31.

The bank had posted a profit of Rs 592.34 crore in the January-March quarter of 2012-13, according to Syndicate Bank filing to the BSE. Total income increased to Rs 5,357.40 crore from Rs 4,780.75 crore.

For 2013-14, net profit slipped 14.6 per cent to Rs 1,711.46 crore from Rs 2,004.42 crore in the previous financial year. Total income in 2013-14 rose to Rs 19,945.21 crore from Rs 18,295.05 crore in 2012-l3.

The bank's gross non-performing assets (NPAs) as a percentage of total advances rose to 2.62 per cent from 1.99 per cent in the same quarter a year ago.

Net NPAs increased to 1.56 per cent from 0.76 per cent at the end of March 2013.

The board of the bank proposed a final dividend of 30 per cent, or Rs 3, per share of face value of Rs 10 for 2013-2014.

Syndicate Bank shares fell 7.16 per cent to Rs 99.20 at the close on the BSE.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Child abuse needs to be tackled with the seriousness it deserves

    The Bangalore rape case has again brought into focus an issue we Indians forever shy away from facing up to — child sexual abuse.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Varun Dutt

<b>Riskfactor</b>: THE BASE RATE BIAS

Base rate fallacy, also called base rate neglect or base ...

Parvez Imam

Revisiting history can do us all good

We often think that we understand history. We read it ...

Bubbles Sabharwal

Your happiness doesn’t depend on your needs

They are two different words (and even worlds) altogether: having ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture