Syndicate Bank Q4 net dips 19 pc to Rs 168 cr

MUMBAI: Public sector lender Syndicate Bank on Tuesday said its net profit declined by 18.63 percent to Rs 168 crore for the fourth quarter ended March 31, 2010, over the same period last year.

Total income decreased to Rs 2,742.2 crore for the quarter ended March 31, 2010 from Rs 2,875.6 crore in the same period previous fiscal, Syndicate Bank said in a filing to the Bombay Stock Exchange.

The board has proposed a dividend of Rs 3 per share or 30 percent to the shareholders on the face value of Rs 10 per share of the company for the year ended 2009-10.

For the year ended March 31, 2010, the bank has posted a consolidated net profit of Rs 814 crore, down 10.89 percent over the same year-ago period.