Bangalore, May 5 (IANS) State-run Syndicate Bank posted Rs.309 crore net profit for the January-March fourth quarter of fiscal 2011-12, registering a marginal increase of seven percent year-on-year (YoY) over the same period in 2010-11.
In a regulatory filing, the listed bank said income for the quarter increased 29 percent YoY to Rs.4,424 crore from Rs.3,417 crore in the same period year ago.
For entire fiscal, net profit, however, rose 25 percent YoY to Rs.1,313 crore from Rs.1,048 crore in same period of fiscal 2011, while total income increased 32 percent YoY to Rs.16,344 crore from Rs.12,366 crore in 2010-11.
The bank has recommended a dividend of 38 percent or Rs.3.80 per share of Rs.10.
