Page 2 - Syndicate Bank

Syndicate Bank narrows losses in Q1; asset quality remains stable

The public sector lender is confident of posting Rs 500 cr net profit in FY20

Syndicate Bank reports Rs 128-crore net profit in March quarter

The public sector lender posted a loss of Rs 2,195.12 crore during January-March quarter of 2017-18

Syndicate Bank hopes to recover Rs 1,500 cr from NPAs in 3-6 months

Currently, the bank has a total business of roughly around Rs 4.80 trillion, comprising deposits of about Rs 2.50 trillion

Syndicate Bank to raise up to Rs 500 crore by issuing shares to employees

A meeting of the committee of directors on ESPS -- Compensation Committee -- is scheduled to be held on Jan 7 to consider, finalise and approve the Syndicate Bank Employee Stock Purchase Scheme

Syndicate Bank aims to return to profit in Q4, eyes Rs 8-bn haul from NCLT

It has also set a target to recover Rs 30 billion from the recovery of non-performing assets

Govt infuses Rs 7 bn in Syndicate Bank for preferential allotment of shares

The bank will be taking necessary approvals for allotment of requisite equity shares to the government in due course of time, Syndicate Bank added

Icra downgrades long-term rating for Syndicate Bank's Basel-III bonds

The rating downgrade factors in the bank's weak financial performance

Syndicate Bank cuts MCLR by five basis points for select maturities

The MCLR for six-month and one year lending have been kept unchanged at 8.25 per cent and 8.45 per cent

Syndicate Bank surges 14% post September quarter results

The stock surged 14% to Rs 94 on the BSE in early morning deal, trading close to its 52-week high of Rs 94.90 touched on May 9, 2017 in intra-day trade

Syndicate Bank Q2 profit up 28%

The net NPA too increased to 5.76% from 5.03%

Syndicate Bank cuts savings account interest rate by 0.5%

Rate cut applicable for deposits up to Rs 25 lakh

Syndicate Bank withdraws 'no work, no pay' missive

This happened after UCO Bank's Kolkata office refused to pay employees for non-performance

Syndicate Bank to raise Rs 3,500 cr in FY18

The bank had posted Rs 104 crore profit for the March quarter of 2016-17

Syndicate Bank PO recruitment 2017 entrance test results announced

The bank has shortlisted 1600 candidates for further rounds of selections

Syndicate to sell GVK asset to recover dues

Hyderabad, 9 March: In a major embarrassment to the debt-laden GVK Group, public sector Syndicate Bank has put up 2,500-acre GVK Perambalur SEZ Private Limited in Tamil Nadu for sale through e-auction by invoking Sarfaesi Act, 2002, to recover Rs 175 crore debt from the company.This is the second time that the bank's Corporate Finance Branch in Hyderabad has issued a notice for e-auction of the 2,500 acres of SEZ land as no bidders had responded to the first auction notice dated January 6, 2017. The fresh e-auction is scheduled to take place on March 27,2017."As we could not get a response from the potential bidders to the earlier e-auction, we have issued the newspaper advertisements with fresh auction schedule this time in Mumbai city in addition to Hyderabad and Chennai," P Veera Reddy, chief manager, corporate branch of Syndicate Bank told Business Standard on Friday.The public sector lender, which holds the first charge(mortgage) on the said property, has decided to invoke the ...

Syndicate Bank to recruit 99 specialist officers

Last date to apply March 14, 2017

Now, Syndicate Bank cuts lending rate by up to 1%

MCLR reduced by 0.7%

Syndicate Bank launches Project Ananya aimed at digital banking

The bank plans to transform 10 per cent of its branches to the new format in the next 6-12 months

Syndicate Bank Q1 net at Rs 79 crore

However, the bank registered fall in global business at Rs 4.68 lakh crore from Rs 4.72 lakh crore a year ago

Syndicate Bank raises Rs 930 cr via Basel III compliant bonds

Shares of the bank were trading at Rs 80.75 apiece, up 0.31%