Syndicate Bank, one of the leading nationalised banks, on Thursday reported a rise of 7.33% in its net profit for the quarter ended Jun. 30, 2014. The bank earned a profit of Rs 4.85 billion for the quarter ended Jun. 30, 2014.

The bank's quarterly income totaled at Rs 55.23 billion, an increase of 16.86% over Rs 47.26 billion in the same period a year ago.

The bank has made provision of Rs 4.68 billion, which was lower by 4.36% from prior year period.

Net NPA was at Rs 32.72 billion for the quarter ended Jun. 30, 2014, as compared to Rs 17.59 billion in the same period last year, representing an increase of 86%.

In percentage term, net NPAs were at 1.88% at the end of the quarter, Jun. 30, 2014, higher by 1.19% from last year period.

Capital adequacy ratio (CAR) under Basel III of the bank was at 10.80% as on Jun. 30, 2014.

Shares of the bank gained Rs 0.5, or 0.35%, to trade at Rs 143.75. The total volume of shares traded was 600,743 at the BSE (12.40 p.m., Thursday).