New Delhi: Public sector Syndicate Bank on Tuesday reported a 38 per cent decline in net profit at Rs 301.98 crore in the first quarter of current fiscal.
The bank had a net profit of Rs 485.42 crore in the April-June quarter of 2014-15 fiscal.
Total income increased to Rs 6,323.42 crore during the June quarter, from Rs 5,523 crore in the same period a year ago, Syndicate Bank said in a BSE filing.
Gross Non-Performing Assets (NPA) of the bank rose to 3.72 per cent during the quarter, from 2.97 per cent in the same period a year ago.
Interest income during the first quarter rose to Rs 5,823 crore, from Rs 5,067 crore in the same period a year ago.
Shares of Syndicate Bank were trading at Rs 96.50, down 2.62 per cent over previous close on BSE.
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