Annual Report 2012-2013 of Syndicate Bank

It is a broadly described annual report of Syndicate Bank in the year of 2012-2013. During the financial year, The Bank’s global business grew by 18.06% from Rs. 283558 Crore in 2011-12 to Rs. 334779 Crore in 2012-13, whereas domestic business rose by 12.63% from Rs. 258660 Crore in 2011-12 to Rs. 291337 Crore in 2012-13. Global deposits of the Bank grew by 17.36% from Rs. 157941 Crore in 2011-12 to Rs. 185356 Crore in 2012-13. Domestic deposits grew by 13.10% from Rs. 147707 Crore in 2011-12 to Rs. 167055 Crore in 2012-13. The Bank’s total income rose by 11.94% from Rs. 16344.23 Crore in 2011-12 to Rs. 18295.04 Crore in 2012-13. Net Profit of the Bank grew by 52.61% to Rs. 2004.42 Crore in 2012-13 as against Rs. 1313.39 Crore in 2011-12. The Earnings per Share (EPS) of the Bank improved to Rs. 33.30 as at 31^st March 2013 as against Rs. 22.89 as at 31^st March 2012.

The Board of Directors of the Bank has declared a dividend of Rs.6.70 per share (@67%), amounting to Rs. 403.31 Crore for the financial year 2012-13 as compared to the dividend of Rs. 3.80 per share (@38%) declared during the financial year 2011-12, amounting to Rs. 228.74 Crore.

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