Syndicate has reported 5.3 per cent rise in its net profit at Rs 332.37 crore for the second quarter ended September 30, 2015, against Rs. 315.60 crore in the corresponding quarter last year.
Its total income increased to Rs 6,670.19 crore during the second quarter from Rs 5,680.96 crore earned in the year-ago period.
Gross non performing assets grew to Rs. 7,734 crore (3.72 per cent of total advances) for the September quarter against Rs. 6,048.98 crore (3.43 per cent) in corresponding quarter last year. Net NPAs were up at Rs. 4,854.50 crore (2.37 per cent of the advances) against Rs. 3,825.32 crore (2.20 per cent).
Q2 Result highlights:-
Global Business increased from `415690 crore as at Q2, FY 2014-15 to
`471900 crore as at Q2, FY 2015-16 (up 14% y-o-y).
Domestic Business increased from `354156 crore as at Q2, FY 2014-15 to
`390747 crore as at Q2, FY 2015-16 (up 10% y-o-y).
Global Deposits increased from `239215 crore as at Q2, FY 2014-15 to
`263722 crore as at Q2, FY 2015-16 (up 10% y-o-y).
Domestic Deposits increased from `213492 crore as at Q2, FY 2014-15 to
`228619 crore as at Q2, FY 2015-16 (up 7% y-o-y).
Global Advances increased from `176475 crore as at Q2, FY 2014-15 to
`208178 crore as at Q2, FY 2015-16 (up 18% y-o-y).
Domestic Advances increased from `140664 crore as at Q2, FY 2014-15 to
`162128 crore as at Q2, FY 2015-16 (up 15% y-o-y).
Domestic CASA deposits increased from `63778 crore as at Q2,
FY 2014-15 to `72462 crore as at Q2, FY 2015-16 (up 14% y-o-y). Domestic
CASA deposits stood at 31.70% of total domestic deposits as at 30.09.2015.
Savings Bank deposits increased from `43496 crore as at 30.09.2014 to
`49579 crore as at 30.09.2015 (up 14% y-o-y).
Operating Profit increased to `1225 crore in Q2, FY 2015-16 as against
`954 crore in Q2, FY 2014-15 (up 28% y-o-y).
Net Profit increased to `332 crore in Q2, FY 2015-16 as against `316 crore in
Q2, FY 2014-15 (up 5 % y-o-y).
Gross NPA ratio stood at 3.72% in Q2, FY 2015-16 as against 3.43 % in
Q2, FY 2014-15.
Net NPA ratio stood at 2.37% in Q2, FY 2015-16 as against 2.20% in
Q2, FY 2014-15.
Provision Coverage Ratio stood at 63.37% in Q2, FY 2015-16 as against
65.38% in Q2, FY 2014-15.
Cost to income ratio stood at 50.88% in Q2, FY 2015-16 as against 48.71% in
Q2, FY 2014-15.
Book value per share increased from `197.16 in Q2, FY 2014-15 to
`207.18 in Q2, FY 2015-16.
Its total income increased to Rs 6,670.19 crore during the second quarter from Rs 5,680.96 crore earned in the year-ago period.
Gross non performing assets grew to Rs. 7,734 crore (3.72 per cent of total advances) for the September quarter against Rs. 6,048.98 crore (3.43 per cent) in corresponding quarter last year. Net NPAs were up at Rs. 4,854.50 crore (2.37 per cent of the advances) against Rs. 3,825.32 crore (2.20 per cent).
#Syndicate Bank Q2 net up 5.3 per cent at Rs 332.4 crore pic.twitter.com/0PAfzjUGqb
— Press Release Watch (@PrReleaseWatch) October 29, 2015
Q2 Result highlights:-
Global Business increased from `415690 crore as at Q2, FY 2014-15 to
`471900 crore as at Q2, FY 2015-16 (up 14% y-o-y).
Domestic Business increased from `354156 crore as at Q2, FY 2014-15 to
`390747 crore as at Q2, FY 2015-16 (up 10% y-o-y).
Global Deposits increased from `239215 crore as at Q2, FY 2014-15 to
`263722 crore as at Q2, FY 2015-16 (up 10% y-o-y).
Domestic Deposits increased from `213492 crore as at Q2, FY 2014-15 to
`228619 crore as at Q2, FY 2015-16 (up 7% y-o-y).
Global Advances increased from `176475 crore as at Q2, FY 2014-15 to
`208178 crore as at Q2, FY 2015-16 (up 18% y-o-y).
Domestic Advances increased from `140664 crore as at Q2, FY 2014-15 to
`162128 crore as at Q2, FY 2015-16 (up 15% y-o-y).
Domestic CASA deposits increased from `63778 crore as at Q2,
FY 2014-15 to `72462 crore as at Q2, FY 2015-16 (up 14% y-o-y). Domestic
CASA deposits stood at 31.70% of total domestic deposits as at 30.09.2015.
Savings Bank deposits increased from `43496 crore as at 30.09.2014 to
`49579 crore as at 30.09.2015 (up 14% y-o-y).
Operating Profit increased to `1225 crore in Q2, FY 2015-16 as against
`954 crore in Q2, FY 2014-15 (up 28% y-o-y).
Net Profit increased to `332 crore in Q2, FY 2015-16 as against `316 crore in
Q2, FY 2014-15 (up 5 % y-o-y).
Gross NPA ratio stood at 3.72% in Q2, FY 2015-16 as against 3.43 % in
Q2, FY 2014-15.
Net NPA ratio stood at 2.37% in Q2, FY 2015-16 as against 2.20% in
Q2, FY 2014-15.
Provision Coverage Ratio stood at 63.37% in Q2, FY 2015-16 as against
65.38% in Q2, FY 2014-15.
Cost to income ratio stood at 50.88% in Q2, FY 2015-16 as against 48.71% in
Q2, FY 2014-15.
Book value per share increased from `197.16 in Q2, FY 2014-15 to
`207.18 in Q2, FY 2015-16.
