Syndicate Bank FY05 net down 7%

Syndicate Bank today reported a 7% decline in net profit at Rs 402.90 crore for the year ended March 31, 2005 as against Rs 434.13 crore in FY04.

According to a release issued by the bank to the BSE today, total income increased to Rs 4,322.18 crore in FY05 from Rs 3,861.25 crore in FY04.

The board has declared a final dividend of 14% in addition to the interim dividend of 6% for FY05, the release added.

"The dividend will be paid to all shareholders whose names appear on the register of members on May 24, 2005," the release said.