Annual Report 2015-2016 of Syndicate Bank

It is a broadly described annual report of Syndicate Bank in the year of 2015-2016. During the financial year, The Bank’s Global Business increased from Rs. 461192 Crore as at 31^st March 2015 to Rs. 468184 Crore as at 31^st March 2016 (increase by 1.52% Y-o-Y). Global Deposits increased from Rs. 255388 Crore as at 31^st March 2015 to Rs. 261735 Crore as at 31^st March 2016 (increase by 2.49% Y-o-Y). The Bank’s total income rose by 8.35% from Rs. 23,724.76 Crore in 2014-15 to Rs. 25,706.51 Crore in 2015-16. Operating profit stood at Rs. 4209 Crore as at 31^st March 2016 as against Rs. 4007 Crore as at 31^st March 2015. Net Loss of the Bank stood at Rs. 1,643.48 Crore as at 31^st March 2016 as against Net profit of Rs. 1,522.93 Crore as at 31^st March 2015. Earnings per Share (EPS) stood at Rs. -24.82 in FY 2015-16 as against Rs. 24.38 in FY 2014-15.

The Board of Directors of the Bank has not recommended any dividend for the financial year 2015-2016.

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