Syndicate Bank's Q4 profit at Rs 128 cr

Syndicate Bank reported a profit of Rs 128.02 crore for the March quarter of 2018-19 financial year on a modest rise in core income and slight improvement in bad loan ratio.

The public sector lender posted a loss of Rs 2,195.12 crore during January-March quarter of 2017-18.

During December quarter of the previous fiscal, the bank logged a profit of Rs 107.99 crore.

Total income during the quarter under review was at Rs 6,345.22 crore as compared to Rs 6,046 crore in the same period a year ago, the lender said in a regulatory filing.

Interest income was at Rs 5,610.26 crore during the period, as against Rs 5,357.24 crore a year ago.

For entire 2018-19, the bank reported a net loss of Rs 2,524.20 crore.

In the previous fiscal, the loss stood at Rs 3,111.69 crore.