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Syndicate bank’s FY Q1 net worth

Syndicate bank’s FY Q1 net worth

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  29 Aug 2019 12:33 PM GMT

Guwahati: The interest income for the quarter ending June-2019 increased to Rs.5,545 crore from Rs.5,257 crore in its corresponding period of the previous year due to the increase in the interest income of corporate advances on account of realization of unbooked interest made through recoveries in the quarter. Syndicate The other income increased by 41% to Rs.536 crore for the quarter ending June-2019 from Rs.379 crore as against corresponding period of the previous year. The NII for June-2019 quarter increased to Rs 1,792 crore against Rs 1,506 crore in its corresponding period of previous year. The operating expenses for the quarter ending June-2019 quarter were Rs 1,518 crore against Rs 1,328 crore in its corresponding period of previous year. The operating profit for June-2019 quarter stood at Rs 810 crore as against Rs 558 crore reported in June-2018. The Syndicate Bank made a net loss of Rs 980 crores for the quarter ending Jun-2019 against a net loss of Rs 1,282 crores during June-2018 quarter due to increased NII. A press release stated.

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