Syndicate Bank net rises to Rs 309 cr; to pay 38% dividend

Syndicate Bank has registered a six per cent rise in net profit at Rs 309.43 crore for the fourth quarter of 2011-12 fiscal compared with Rs 289.29 crore recorded during the corresponding period of the previous fiscal.

The board of directors has recommended a dividend of Rs 3.80 per share (38 per cent) for the year 2011-12, subject to approval of shareholders at the Annual General Meeting.