Syndicate Bank registers Rs 929 crore operating profit for Q3 of FY 15-16

MANGALURU: The operating profit of Manipal-based Syndicate Bank for the third quarter of current fiscal stood at Rs 929 crore as against Rs 838 crore in corresponding quarter of last fiscal, up 11% y-o-y, noted Arun Shrivastava, managing director and chief executive officer of the bank on Thursday. The bank's net profit stood at Rs 119 crore in the third quarter of current fiscal as against Rs 305 crore in the same quarter last fiscal, registering a year-on-year growth of 139%.
Global Business increased from Rs 438099 crore as on December 31, 2014 to Rs 464087crore as on December 31, 2015 (up 6% y-o-y). Domestic business increased from Rs 372660 crore as on December 31, 2014 to Rs 391664 crore as on December 31, 2015 registering a y-o-y growth of 5%. Global advances increased from Rs 186630 crore as on December 31, 22014 to Rs 208194 crore as on December 31, 2015 (up 12% y-o-y).
Domestic advances increased from Rs 148825 crore as on December 31, 2014 to Rs 166521 crore as on December 31, 2015 registering a y-o-y growth of 12%. Global deposits increased from Rs 251469 crore as on December 31, 2014 to Rs 255893 crore as on December 31, 2015 (up 2% y-o-y). Domestic deposits increased from Rs 223835 crore as on December 31, 2014 to Rs 225143crore as at December 31, 2015 registering a y-o-y growth of 1%.
CASA deposits (domestic) increased from Rs 62445 crore as on December 31, 2014 to Rs 68036 crore as on December 31, 2015 (up 9% y-o-y). Domestic CASA deposits stood at 30.22% of total domestic deposits as on December 31, 2015. Savings deposits increased from Rs 44524 crore as on December 31, 2014 to Rs 49380 crore as on December 31, 2015, a y-o-y growth of 11%. Gross NPA ratio stood at 4.61% in Q3, FY 2015-16 as against 3.60% in Q3 FY 2014-15.