Annual Report 2010-2011 of Syndicate Bank

It is a broadly described annual report of Syndicate Bank in the year of 2010-2011. During the financial year, The Bank’s Business grew by 17.01% from Rs. 2,08,476 Crore in 2009-10 to Rs. 2,43,946 Crore in 2010-11. Deposits grew by 15.87% to Rs. 1,35,596 Crore whereas advances registered a growth of 18.48% to Rs. 1,08,350 Crore during the year 2010-11. Total income rose to Rs. 12,365.98 Crore in 2010-11 from Rs. 11,214.64 Crore in 2009-10 registering a growth of 10.27%. Operating Profit of the Bank grew by 46.82% to Rs. 2,750 Crore in 2010-11 up from Rs. 1,873 Crore in 2009-10. Net Profit grew by 28.91% to Rs. 1,048 Crore in 2010-11 up from Rs. 813 Crore for 2009-10. The Earning per share (EPS) of the Bank improved from Rs. 15.58 as at 31^st March 2010 to Rs. 20.03 as at 31^st March 2011.

The Board of Directors of the Bank has declared a dividend of @37% for the year ended 31^st March 2010-11.

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