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Syndicate Bank net profit up by 38 per cent to Rs 71 crore
Our Bureau
Mumbai, July 26: Syndicate Bank has registered a 38.23 per cent growth in its net profit during the quarter ended June 2000 as compared to the corresponding quarter last year. The net profit rose to Rs 71.27 crore during the quarter as against Rs 51.56 crore in the corresponding period last fiscal. The income earned by the bank during the corresponding period increased by 17.54 per cent to reach Rs 760.29 crore after making provisions for NPAs and for investments. The bank has also been able to increase its yield on investments to 12.61 per cent as on June 2000 as against 11.56 per cent during the same period last year. The domestic deposits of the bank have reached a Rs 21,290.86 crore, a 13.11 per cent year on year growth. Copyright © 2000 Indian Express Newspapers (Bombay) Ltd.
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