Syndicate Bank today announced a 20.81% increase in net profit at Rs 273.19 crore for the quarter ended December 31, 2007 when compared with Rs 226.12 crore in Q3FY07.According to a release to the BSE, the company's total income increased to Rs 2265.63 crore for the quarter ended December 31, 2007 from Rs 1776.03 crore for the quarter ended December 31, 2006.