Syndicate Bank

Friday, Apr 19, 2024 | Last Update : 05:26 AM IST

Union Finance Miniter Nirmala Sitharaman (PTI)

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

16 Feb 2021 10:42 PM

Government of India public sector banks in India. (Photo- FAVPNG)

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

29 Mar 2020 12:33 PM

Syndicate Bank has been selected for merger with Canara Bank and the amalgamation is expected to be complete by March 31.

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.

07 Jan 2020 9:31 AM

Stock of the bank traded 9.54 per cent higher at Rs 31 on BSE.

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.

31 Oct 2019 3:57 PM

Shares of Syndicate Bank also fell 2.24 per cent to Rs 24 -- its 52-week low.

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.

15 Oct 2019 12:37 PM

We have requested the government for infusion. The government will decide as to how to be given (it to) the bank, said Syndicate Bank MD Mrutyunjay Mahapatra.

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.

12 Aug 2019 5:06 PM

Total advances on March 31 this year stood at Rs 2.17 lakh crore, down from Rs 2.23 lakh crore a year ago. (Photo: File)

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.

11 May 2019 1:32 PM

Shares of Syndicate Bank were trading at Rs 38.45 apiece on the BSE, down 0.13 per cent.

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.

25 Mar 2019 3:11 PM

MDs and CEOs of state-owned banks whose appointments were approved by the Appointments Committee of the Cabinet headed by PM Narendra Modi.

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.

20 Sep 2018 10:12 AM

Shares of Syndicate Bank on Tuesday tumbled over 12 per cent after the company reported a net loss of Rs 2,195.12 crore in the quarter ended March 2018.

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.

16 May 2018 5:05 PM

Syndicate Bank has reported a net loss of Rs 263.19 crore for the June quarter of 2017.

Syndicate Bank posts net loss of Rs 263.19 crore

The total income during the first quarter of 2017-18 also fell to Rs 6,171.49 crore

05 Aug 2017 5:10 PM

Bank stocks rise by 7.7% due to RBI's bad loan identification

The central bank identified 12 accounts for insolvency proceedings with each having over Rs 5,000 crore of outstanding loans

14 Jun 2017 6:19 PM

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Mohan Guruswamy