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Syndicate Bank announces Financial Results for the Quarter ended 31st March, 2014

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Performance Highlights for the Fourth Quarter of Financial Year 2013-14

• Operating Profit stood at' 998 crore in Q4, FY 2013-14 as against' 901 crore in Q4, FY 2012- 13 (up by 11% y-o-y). However, Net profit stood at' 409 crore in Q4, FY 2013-14 as against' 592 crore in Q4, FY 2012-13 (down by 31% y-o-y). The main reason for decline is non availability of MAT credit of Rs.114 crore accounted in the Q4 quarter of last year and increase in NPA provisions.

• Global business increased from ' 334779 crore as at Q4, FY 2012-13 to ' 388584 crore as at Q4, FY 2013-14 (up 16 % y-o-y). However, domestic Business increased from ' 291337 crore as at Q4, FY 2012-13 to v 330701 crore as at Q4, FY 2013-14 (up 14 % y-o-y)

• Global Deposits increased from ' 185356 crore as at Q4, FY 2012-13 to ' 212343 crore as at Q4, FY 2013-14 (up 15% y-o-y). However Domestic Deposits increased from ' 167055 crore as at Q4, FY 2012-13 to ' 186966 crore as at Q4, FY 2013-14 (up 12% y-o-y).

• Global Advances increased from ' 149423 crore as at Q4, FY 2012-13 to ' 176241 crore as at Q4, FY 2013-14 (up 18% y-o-y). However Domestic Advances increased from ' 124282 crore as at Q4, FY 2012-13 to ' 143735 crore as at Q4, FY 2013-14 (up 16% y-o-y)

• Domestic CASA deposits increased from ' 51926 crore as at Q4, FY 2012-13 to' 55911 crore as at Q4, FY 2013-14 (up 7.67% y-o-y). Domestic CASA deposits stood at 29.90 % of total domestic deposits as at 31.03.2014. Bank has taken various steps, campaigns to increase CASA performance.

• Savings Bank deposits has gone up by 11% from Rs.38,017 crore as on 31-03-2013 to Rs.42,030 crore as on 31-03-2014.
Syndicate Bank Financial Results 2014 Syndicate Bank Financial Results 2014 Syndicate Bank Financial Results 2014 Syndicate Bank Financial Results 2014 Syndicate Bank Financial Results 2014
Syndicate Bank Financial Results 2014 Syndicate Bank Financial Results 2014 Syndicate Bank Financial Results 2014 Syndicate Bank Financial Results 2014