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Monday, October 22, 2012

Mr.M.G.Sanghvi,CMD addressing the Media

SYNDICATE BANK NET PROFIT UP BY 35.71 % TO RS.904 CRORES FOR HALF YEAR 2012-13.
Performance Highlights are as follows:

Global business improved to Rs.2,84,649 crores.Global advances increased to Rs.1,28,795 crores.
Domestic Business has gone upto Rs.2,55,400 crores.Domestic advances to Rs.1,11,797 crores.
Earnings per share (annualised) is Rs.30.02.Book Value per share Rs.164.95.
Gross NPA ratio is 2.47%. Net NPA is 0.92%.Provision coverage ratio is 82.26%.

Syndicate Bank has plans to expand the branch network to 3000 branches by March,2013.
The Bank has 1241 ATM's and has plans to open 500 new ATM's by march,2013.