Annual Report 2011-2012 of Syndicate Bank

It is a broadly described annual report of Syndicate Bank in the year of 2011-2012. During the financial year, The Bank’s business grew by 16.24% from Rs. 243946 Crore in 2010-11 to Rs. 283558 Crore in 2011-12, whereas, Bank’s domestic business rose by Rs. 34330 Crore (15.30%) to Rs. 258660 Crore during the year 2011-12. Global deposits of the Bank grew by 16.48% from Rs. 135596 Crore in 2010-11 to Rs. 157941 Crore in 2011-12. Domestic deposits grew by 16.49% from Rs. 126796 Crore in 2010-11 to Rs. 147707 Crore in 2011-12. The Bank’s total income rose by 32.17% from Rs. 12365.98 Crore in 2010-11 to Rs. 16344.23 Crore in 2011-12. Operating Profit of the Bank jumped by 21.71% from Rs. 2749.78 Crore in 2010-11 to Rs. 3346.80 Crore in 2011-12. Net Profit, zoomed by 25.33% from Rs. 1047.95 Crore in 2010-11 to Rs. 1313.39 Crore in 2011-12. The Earning per Share (EPS) of the Bank improved from Rs. 20.03 as at 31^st March 2011 to Rs. 22.89 as at 31^st March 2012.

The Board of Directors of the Bank has declared a dividend of Rs. 3.80 per share (@38%), amounting to Rs. 265.85 Crore (including Dividend Tax of Rs. 37.11 Crore), for the financial year 2011-12 as compared to the dividend of Rs. 3.70 per share (@37%) declared during the financial year 2010-11.

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