Syndicate Bank Bihar IFSC code, MICR code, Address
Syndicate Bank branch details in Bihar
Last Updated 18th Mar 2017
Syndicate Bank has 57 branches in Bihar spread over 22 districts of Araria, Arwal, Aurangabad Bihar, Banka, Begusarai, Bhagalpur, Bhojpur, Buxar, Darbhanga, East Champaran, Gaya, Gopalganj, Jamui, Jehanabad, Kaimur, Katihar, Khagaria, Kishanganj, Lakhisarai, Lakhisarai, Madhepura, Madhubani, Munger, Munger, Muzaffarpur, Nalanda, Nawada, Patna, Purnia, Rohtas, Saharsa, Samastipur, Saran, Sheikhpura, Sheohar, Sitamarhi, Siwan, Supaul, Tamil Nadu, Vaishali, West Champaran.
Patna district, with 16 branches has the largest number of Syndicate Bank branches in Bihar followed by Muzaffarpur district with 6 branches and Vaishali district with 3.
District wise distribution of Syndicate Bank branches in Bihar is as below. To find branch address, phone, IFSC code, MICR code of the branch that you are looking for, click on the district where the branch is located.
Syndicate Bank reported a net profit of Rs 79.13 crore , which is lower by 73.9 percent compared to year ago period . The results of this year are not comparable to past year due to exceptional write-off.
The Bank stated in its regulatory filing that Previous quarter results are not comparable with the current quarter since there was an exceptional item of write-off on account of fraud at three branches of Jaipur region.
The total income showed a slight increase by 1.5percent to R6, 419 crore, while interest income increased by 4.7percent to Rs. 1479 crore compared to a year ago period . .
Asset Quality deteriorated as the Gross NPAs in June Quarter were 7.53% of gross advances , compared with 3.72%a year ago . Net NPAs stood at 5.04%, compared with 2.36% in the year-ago period. The bank has upgraded NPAs of Rs 220.42 crore and made recoveries of Rs444.70 crore.
Syndicate Bank revised its Marginal Cost of Funds Based Lending Rate (MCLR) . The revised overnight MCLR will be 9.40 per cent (existing MCLR 9.50 per cent), one month MCLR 9.45 per cent (existing MCLR 9.55 per cent), three months MCLR 9.45 per cent (existing MCLR 9.55 per cent), six months MCLR 9.50 per cent (existing MCLR 9.60 per cent) and one year MCLR 9.55 per cent (existing MCLR 9.65 per cent). This will be in effect from 11th July 2016.
The bank has also revised its base rate and BPLR . Base rate revised 9.60 per cent (existing rate 9.70 per cent) and BPLR revised 13.85 per cent (existing 13.95 per cent). This will also be in effect from 11th July 29, 2016. This cut in interest rates should result in lower interest for banks customer for home loan
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