Syndicate Bank’s earnings from corporate and wholesale banking fell to Rs2,088.98 crore for the quarter, from Rs2,562.28 crore a year ago. Photo: Pradeep Gaur/MintNew Delhi: Public sector Syndicate Bank on Saturday reported a net loss of Rs263.19 crore for the June quarter of the current fiscal due to sharp increase in provisions for bad loans. In comparison, it had reported a net profit of Rs79.13 crore in the June quarter of last fiscal, 2016-17. Its earnings from corporate and wholesale banking fell to Rs2,088.98 crore for the quarter, from Rs2,562.28 crore a year ago. Net NPAs were 6.27% of the net loans as at end-June this year, from 5.04% in 30 June 2016.

Source: Mint August 05, 2017 11:48 UTC