Syndicate Bank Q1 net up 3-fold
Syndicate Bank reported an almost three-fold growth in net profit at Rs 261.57 crore in the first quarter of the current financial year compared to the corresponding quarter of the last financial year. The rise in net profit was because of a 16 per cent growth in net interest income at Rs 585.70 crore and nine-fold growth in treasury income at Rs 270 crore.
Federal Bank net doubles
Federal Bank has earned a net profit of Rs 136.38 crore for the first quarter of the current financial year, a growth of 100.12 per cent, as against Rs 68.15 crore in the corresponding period last year. Operating profit increased 9.77 per cent from Rs 253.52 crore to Rs 278.28 crore.
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