Syndicate Bank Financial Results 2017 Declared, Net Profit 358.95 Cr

Syndicate bank year ended 2016-2017 financial results declared. Bank has achieved the Net profit of Rs 358.95 Crores. Gross NPA of bank has raised to 8.50% where as Net NPA stood at 5.21%. CAR  of the bank as on 31st March 2017 is 12.03%.

The share price of bank is currently trading at Rs 91.95 at NSE and BSE.

Read : Does Banking Act amendments Really help in Resolving NPA’s ?

May 5, 2017

There is a decline in Gross advances figure of bank i.e. Rs 1,99,66,935 Crore on 31-03-2017 as compare to Rs 2,01,36,849, whereas deposit decline to Rs 2,60,54,795. Bank has shown the Compound annual growth of 12.03% which is moderate. 

Detailed Financial Results : Here