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Syndicate Bank Q2 net up 34% to Rs 237 cr

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Press Trust of India Mumbai

State-owned Syndicate Bank today reported a 33.8 per cent rise in net profit at Rs 237 crore for the second quarter ended September 30, 2010.

It had a net profit of Rs 177.8 crore in the same quarter of the last fiscal, Syndicate Bank said in a filing to the Bombay Stock Exchange.

The lender also reported an increase of 5.3 per cent in total income for the quarter at Rs 2,972.5 crore, against Rs 2,820.6 crore in the year-ago period.

During the first half ended September 30, the bank clocked a 14.3 per cent rise in net profit to Rs 502.4 crore, compared to Rs 439.3 crore in the same period a year ago.

 

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First Published: Oct 29 2010 | 7:34 PM IST

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