Syndicate Bank has reported results for second quarter ended September 30, 2018.
The Bank has reported net loss of Rs 1542.54 crore for the quarter under review as against net profit of Rs 105.24 crore for the same quarter in the previous year. Total income of the Bank decreased by 8.26% at Rs 5,888.87 crore for Q2FY19 as compared Rs 6,419.21 crore for the corresponding quarter previous year.
The Bank’s gross NPA for the July-September quarter of the current fiscal increased to 12.98%, as compared to 9.39% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 6.83% in Q2FY19.