Syndicate Bank
Govt to bring amendments to two Acts to enable privatisation of PSU banks
Finance Minister announced privatisation of Public Sector Banks (PSBs) as part of disinvestment drive to garner Rs 1.75 lakh crore
Mega merger of state-run banks comes into force from April 1: RBI
The government on March 4 had notified the amalgamation schemes for 10 state owned banks into four as part of its consolidation plan
Syndicate Bank surpasses Rs 5 lakh crore business mark
The bank achieved this milestone on the back of every business unit contributing in its full capacity which included retail.
Syndicate Bank reports Rs 251 crore net profit in Q2
The bank had reported a net loss of Rs 1,542.54 crore in the same period previous fiscal.
Lakshmi Vilas Bank, Syndicate Bank shares fall after RBI fine
Lakshmi Vilas Bank scrip went lower by 4.96 per cent to its lower circuit level as well as one-year low of Rs 22.05 on the BSE.
Syndicate Bank expects Rs 4,000 cr from NPA recovery in FY20
The bank has recovered about Rs 800 crore in the first quarter, said Syndicate Bank MD Mrutyunjay Mahapatra.
Syndicate Bank reports net loss of Rs 2,587 crore in FY 19
In percentage terms, the gross NPA ratio works out to 11.37 in March 2019, 12.54 in December 2018 and 11.53 in March 2018.
Syndicate Bank extends deadline for ESPS till March 30
Bank has put up as many as 30 cr new equity shares, aggregating up to Rs 500 cr for sale under ESPS.
10 public sector banks get new MDs, CEOs; 5 of them from SBI
Five of the 10 newly named MDs and CEOs are working as deputy managing directors in SBI.
Syndicate Bank shares slump over 12 pc on weak Q4 earnings
The bank had posted a net profit of Rs 103.84 crore in the corresponding January-March quarter of 2016-17.