Syndicate Bank posts standalone net loss at Rs869.8cr in Q3FY18 vs. net profit of Rs93.60cr yoy. Syndicate Bank's revenue for Q3FY18 declined by 9.3% yoy to Rs5,945cr. Its NII for the quarter came at Rs1,623cr as against Rs1,391cr yoy. The bank has reported net loss of Rs869.8cr for the quarter, against profit of Rs93.6cr reported in corresponding quarter last year. Its GNPA for Q3FY18 stood at 9.62% as against 9.39% qoq, which has increased by 23bps. NNPA for the quarter came at 5.44% against 5.76% qoq, which has declined by 32bps.
- The provision for the quarter came at Rs2,090cr as against Rs785cr yoy.
- Its capital adequacy ratio for Q3FY18 end stood at 11.88%.
Syndicate Bank posts standalone net loss at Rs869.8cr in Q3FY18 vs. net profit of Rs93.60cr yoy. Syndicate Bank's revenue for Q3FY18 declined by 9.3% yoy to Rs5,945cr. Its NII for the quarter came at Rs1,623cr as against Rs1,391cr yoy. The bank has reported net loss of Rs869.8cr for the quarter, against profit of Rs93.6cr reported in corresponding quarter last year. Its GNPA for Q3FY18 stood at 9.62% as against 9.39% qoq, which has increased by 23bps. NNPA for the quarter came at 5.44% against 5.76% qoq, which has declined by 32bps.
Standalone Results Q3FY18: (Rs. in crore)
| Q3FY18 | YoY (%) | |
|---|---|---|
| NII | 1,623 | 16.7 |
| NPA (%) | 9.6 | 93 |
| Provisions | 2,090 | 166.2 |
| Net Loss (adjusted) | 869.80 | 0 |
***NPA change is bps
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