Syndicate Bank reported unaudited earnings results for the first quarter ended June 30, 2018. For the quarter, the company reported interest earned of INR 52,571.9 million, total income of INR 56,375.1 million, operating profit of INR 5,586.1 million, loss from ordinary activities profit before tax of INR 17,682.1 million, loss from ordinary activities profit after tax of INR 12,817.7 million and net loss of INR 12,817.7 million or INR 9.04 per basic and diluted share before and after extraordinary items, net of tax expense not annualized compared to interest earned of INR 54,841.3 million, total income of INR 61,714.9 million, operating profit of INR 9,802.0 million, loss from ordinary activities profit before tax of INR 3,536.8 million, loss from ordinary activities profit after tax of INR 2,631.9 million and net loss of INR 2,631.9 million or INR 2.91 per basic and diluted share before and after extraordinary items, net of tax expense not annualized reported in the same period last year. Net loss for the quarter ended June 30, 2018 is due to higher provisioning, reduction in Treasury Income and MTM depreciation.