Syndicate Bank Q3 net up 29 pc at Rs 352.38 cr

Syndicate Bank said that its net profit for the third quarter ended December 31, rose 29 per cent at Rs 352.38 crore over the same period a year ago.

Syndicate Bank on Friday said its net profit for the third quarter ended December 31, rose 29 per cent at Rs 352.38 crore over the same period a year ago.

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The lender had a net profit of Rs 273.19 crore in the Q3 last financial year, Syndicate Bank said in a filing to the Bombay Stock Exchange.

Total income of the bank rose to Rs 2,758.52 crore in the latest quarter from Rs 2,265.53 crore in the Q3 of FY 2008.

While, for the nine-month period ended December 31, 2008, Syndicate Bank registered a net profit of Rs 706.18 crore, a nearly 2 per cent decline over the year-ago period. It had a net profit of Rs 721.80 crore in the same period last year.

Total income in the nine-month period rose to Rs 7,564.34 crore from 6,419.97 crore a year ago.

Shares of Syndicate Bank were trading at Rs 60.35, down 1.55 per cent from its previous close in the afternoon trade on the BSE.