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Syndicate Bank to raise Rs 217 crore by share sale to LIC

Syndicate Bank to raise Rs 217 crore by share sale to LIC

Public sector lender Syndicate Bank will raise over Rs 217 crore by allotting preferential shares to LIC to shore up capital to meet Basel III norms.

Global regulators relax liquidity requirements for banks

The deadline for the full implementation of the stiff liquidity norms or Liquidity Coverage Ratio (LCR) for banks, that were to kick in from 2015, has been extended till 2019.