Syndicate Bank Q2 net loss at Rs 1,543 crore on higher bad loan provisions
Updated : October 31, 2018 11:38 PM IST
Total income of the bank also fell to Rs 5,888.87 crore for the reported quarter, as against Rs 6,419.21 crore in the same period a year ago, Syndicate Bank said in a regulatory filing.
The bank's bad loans rose for the quarter with gross non-performing assets (NPAs) hitting 12.98 percent of the gross advances at September-end 2018 from 9.39 percent at the same time in 2017.
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