Sunday, May 10, 2015

SYNDICATE BANK FINANCIAL RESULTS FY 2014-15. DIVIDEND DECLARED:47%.

Earnings per share : Rs.24.38.Book Value :Rs.197.24.Return on Equity:Rs.13.30.

Gross NPA:3.13%,  Net NPA: 1.90%.  Return on Assets:0.58%.  Net Interest margin:2.38.

Deposits: Global : Rs.2,55,388 crores,      Domestic :Rs.2,25,402 crores.

Advances:Global: Rs.2,05,804 crores,      Domestic ; Rs.1,65,153 crores.

Operating profit:  Rs.4007 crores (an increase of 12%  y-o-y).
CASA Deposits grew by 14% (y-o-y) to Rs.63,671 crores.
The Business Mix of London Branch is: Rs.70,637 crores -Growth of 22%.
Bank's Branches; 3552.,   Rural:1150, Semi Urban:936, Urban: 783, Metro : 682.

Regarding reduction of lending rates by the bank,Mr.T.K.Srivastava,Executive 
Director  said,"Though few major banks have reduced the lending rate marginally,
many banks have not been able to reduce the lending rate as cost of funds are not 
coming down & credit is not picking up on expected line".
Mr.T.K.Srivastava(Left) & Mr.R.S.Pandey Executive Directors
of the bank addressing media.

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