CMP: 90

Syndicate Bank is a full-service financial services firm. The Bank offers financial products and services such as demand deposits, online banking, cash management, insurance, loans, and time deposits. Syndicate has branches and ATM networks across India.

Syndicate Bank is a decent bet in mid-cap banking space. Its currently trading at a P/E of little over 4 with exceedingly good dividend yields of 4% in the last 12 months. Revenues have risen steadily from 6,040 Crores to 11,450 Crores in the last 5 years. Profits have risen from 716 Crores to 1,048 Crores in the last 5 years. NPM has dipped from 12% to 9% over the last 5 years. FY12 has been good so far with profits growing at over 25%. Buy and hold for long term gains.