Soaring net, payout prop up Syndicate Bank

Dalal Steet Spikes

 The counter is said to have benefitted from good buying support following the bank declaring a 78.6 per cent growth in net profit and a 10 per cent interim dividend.

 Syndicate Bank recorded a 78.6 per cent growth in its Q2 net profit to Rs 114.60 crore (Rs 64.13 crore) on the back of an increase in treasury income.

 Total income went up 14.3 per cent to Rs 917.44 crore from Rs 802.33 crore. Syndicate Bank