Manipal Karnataka based Public sector lender Syndicate Bank has posted a net profit for the period Q4 (ending Mar 11) of the current fiscal (FY10-11). During the said quarter, net profit rose to Rs 289 crores in comparison to Rs 168 crores of Q4 (ending Mar 10) of previous year (FY09-10). Syndicate Bank is one of the oldest and major commercial banks of India. At the time of its establishment, the bank was known as Canara Industrial and Banking Syndicate Limited. The bank, along with 13 major commercial banks of India, was nationalized on 19 July 1969, by the Government of India.
The bank has informed the share market (BSE/NSE) that the total income rose to Rs 1162 crore in Q4 (ending Mar 2011) of the current fiscal (FY10-11) when compared with the same quarter Q4 (ending Mar 2010) of previous year (FY09-10). Total income was Rs 660 crores in last year’s quarter Q4.
Share’s Data :-
BSE Code : 532276
Mkt. Cap : Rs 6,624.48 Crores
Syndicate Bank share’s CMP is Rs 115.55 on 12th May 2011.
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