State-owned Syndicate Bank today reported a marginal 2 per cent growth in net profit at Rs 417 crore in the fourth quarter ended March 31, 2015.
The bank had posted a net profit of Rs 409 crore in the January-March quarter of 2013-14.
Total income increased to Rs 6,599.13 crore during the quarter compared with Rs 5,357.40 crore in the year-ago period.
It has recommended a dividend of Rs 4.70 per share (47 per cent) for 2014-15, Syndicate Bank said in a statement.
For the entire fiscal 2014-15, the bank has posted 11 per cent decline in net profit to Rs 1,522.93 crore compared with Rs 1,711.46 crore in the previous financial year.
Total annual income increased to Rs 23,724.75 crore from Rs 19,945.21 crore.
The bank’s gross non-performing assets rose to 3.13 per at the end of March 31, 2015 from 2.62 per cent a year ago. Net NPAs too rose to 1.90 per cent from 1.56 per cent.