BANGALORE: Syndicate Bank announced that it had made a net profit of Rs.502.47 crore in the first half of 2010-11, an increase of 14 per cent over the previous year.
The bank's net interest margin improved to 3.12 per cent from 2.12 per cent. Global business grew 10 per cent, amounting to Rs.2.12 lakh crore at the end of September 2010.
The bank reported a net profit of Rs.237 crore during the second quarter, an increase of 35 per cent over the previous year.
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