It had posted net profit of Rs 463.37 crore for the same period of last fiscal, 2012-13. The total income in Q2, 2013-14 increased to Rs 4,850.35 crore, from Rs 4,546.33 crore in the year-ago period.

During the first half of the current fiscal, the bank's net profit rose by just 2.1 percent at Rs 922.40 crore, as against Rs 903.59 crore in H1, 2012-13. The total income rose to Rs 9,576.53 crore in the first six month, from Rs 9,024.39 crore in the year-ago period.

As of September 30, 2013, Syndicate Bank's portfolio quality deteriorated further, with gross non-performing assets (NPAs) rising to 2.88 percent of gross advances, as against 2.47 percent year a year ago. Its net non-performing assets during Q2, 2013-14 also rose from 1.66 percent from 0.92 percent.

(Agencies)

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