Mumbai: Syndicate Bank on Friday said its net profit for the third quarter ended 31 December, rose 29% at Rs352.38 crore over the same period a year ago.
The lender had a net profit of Rs273.19 crore in the Q3 last financial year, Syndicate Bank said in a filing to the Bombay Stock Exchange.
Total income of the bank rose to Rs2,758.52 crore in the latest quarter from Rs2,265.53 crore in the Q3 of FY 2008.
While, for the nine-month period ended 31 December, 2008, Syndicate Bank registered a net profit of Rs706.18 crore, a nearly 2% decline over the year-ago period. It had a net profit of Rs721.80 crore in the same period last year.
Total income in the nine-month period rose to Rs7,564.34 crore from 6,419.97 crore a year ago.
Shares of Syndicate Bank were trading at Rs60.35, down 1.55% from its previous close in the afternoon trade on the BSE.