Syndicate Bank Q3 net up 50%
Press Trust of India: New Delhi, Jan 24 2013, 01:22 IST
Syndicate Bank on Thursday reported 50.38% growth in net profit at Rs 508.49 crore for the third quarter ended December 31, 2012.
The bank had a net profit of R338.12 crore in the October-December quarter of last fiscal. Total Income has increased to R4,489.9 crore during the third quarter, from R4,214.35 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% to R4,220.59 crore in the three month period ended December 2012. In the year-ago period, the interest income stood at R3,973.94 crore. Shares of Syndicate Bank were trading at R132.25, down 5.23% over previous close on BSE in late afternoon trade.
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