Public sector Syndicate Bank has reported a net loss of Rs 263.19 crore for the June quarter of the current fiscal due to sharp increase in provisions for bad loans. In comparison, it had reported a net profit of Rs 79.13 crore in the April-June quarter of last fiscal, 2016-17. The total income during the first quarter of 2017-18 also fell to Rs 6,171.49 crore, as against Rs 6,419.12 crore in the year-ago period, the bank said in a regulatory filing. The bank’s provisioning to cover for bad loans jumped by 79 per cent to Rs 1,385.66 crore for the quarter under review, as against Rs 774.41 crore a year ago. Its earning from corporate and wholesale banking fell to Rs 2,088.98 crore for the quarter, from Rs 2,562.28 crore a year ago. Revenues from retail banking operations were only marginally up at Rs 1,984.67 crore for the quarter, from Rs 1,973.66 crore a year earlier. Asset quality of the bank slipped with gross non- performing assets (NPAs) rising to 9.96 per cent of the gross advances by June 30, 2017 from 7.53 per cent of the gross loans disbursed as on June 30, 2016.