Syndicate Bank's profit rises 14%

The Bank’s net profit for Q1 at Rs 265.36 crore was marginally higher than Rs 261.57 crore recorded in the June quarter, the previous year.
The net interest income increased from Rs 565 crore last year to to Rs 963 crore in the June quarter but its profits from treasury decreased to Rs 20 crore from Rs 270 crore.
The global business of the Bank was at Rs 2,02,622 crore consisting of deposits of Rs 1,08,560 crore and advances of Rs 94,062 crore. The CASA deposits grew year-on-year by 24 per cent.

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