Public sector lender Syndicate Bank today reported first quarter net profit at Rs 265.4 crore, up 1.5 per cent from Rs 261.6 crore in the year-ago quarter.
The bank, however, saw a decline in total income to Rs 2,819.7 crore, down 5.2 per cent from Rs 2,974.9 crore, in the April-June quarter, according to a filing with the Bombay Stock Exchange.
The total interest earned by the bank during the first three months of the current fiscal was up at Rs 2,604.4 crore from Rs 2,538.0 crore last year.
However, gross non-performing assets (NPA) of the Manipal-based bank rose 37 per cent during the quarter to Rs 2,174.8 crore from Rs 1,588.3 crore last year.
In percentage terms, the gross NPA in the June quarter stood at 2.31 per cent of its total outstanding advances, as against 1.91 per cent in the corresponding quarter a year ago.