Syndicate Bank Declares Financial Results for Quarter June 2017

Public Sector Bank Syndicate Bank has declared the Unaudited Quarterly results for Quarter June 2017. Syndicate Bank has also announced that the Trading Window of the company will remain close from 8th August,2017 till the completion of 48 hrs after the result of the board meeting (as per company code of conduct for prevention of insider trading).

Syndicate bank has shown the Net loss in June 2017 quarter by Rs 263.19 Crore against the yearly profit in march. There is steep rise in Gross NPA which has reached to 9.96% and Net NPA to 6.27%. Capital Adequacy ratio is comfortable at 12.30% which is the needy requirement for Basel III. 

The provision coverage ratio of Bank as on 30th June is 54.80%.