Live
- BJP MP candidate Bharat Prasad visited the student who tried to commit suicide
- PM’s popularity in the fast lane: Autos with 'Har Dil Mein Modi' slogan spotted across Delhi
- Delhi-based political parties are like East India Company: Sukhbir Badal
- Golf: Diksha moves into Top-20 at South African Women’s Open
- KCR lashes out against BJP and Congress for destroying Telangana
- Dairy Science students visited the Milk cooling plant
- Moody feels Pant ahead in keepers’ race for T20 WC squad; Srikkanth picks Rahul over Samson as reserve keeper
- Thanking voters for extending 'unparalleled support' to NDA, PM Modi says second phase 'too good'
- Natural Relief for Menstrual Cramps: Beetroot Juice Recipe
- Asha Worker died in a road accident
Syndicate Bank net profit at Rs 108 cr
Reversing its lossmaking spree during the past four quarters, Syndicate Bank on Saturday announced a net profit of Rs 108 crore during the OctoberDecember quarter of financial year 201819 The banks CASA current and savings account percentage for domestic deposits increased to 3496 per cent during the December quarter of FY19 from 3349 per cent during the September quarter
Hyderabad: Reversing its loss-making spree during the past four quarters, Syndicate Bank on Saturday announced a net profit of Rs 108 crore during the October-December quarter of financial year 2018-19. The bank’s CASA (current and savings account) percentage for domestic deposits increased to 34.96 per cent during the December quarter of FY19 from 33.49 per cent during the September quarter.
The global business of the bank stood at Rs 4,67,911 crore. The gross NPA ratio improved to 12.54 per cent in the third quarter, compared to 12.98 per cent in the second quarter, while the net NPAs stood at 6.75 per cent in Q3FY19, against 6.83 per cent in Q2FY19.
The share of retail term deposits as a percentage to total term deposits has also improved from 56.41 per cent as on September 18 to 60.58 per cent as on Dec 18. The Bank’s credit portfolio continues to be diversified with share of retail, agriculture, MSME at 55 per cent of the domestic advances.
The net interest income (NII) has improved by 3 per cent, from Rs1,572 Crore in September 2018 quarter to Rs 1,619 crores in December 2018 quarter.
