Syndicate Bank issues Rs 500-crore Basel-3 compliant bonds

Public sector Syndicate Bank on Saturday said it has issued unsecured, non-convertible Basel-III compliant bonds to raise Rs 500 crore.

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.

CBI arrests CA, realtor in Rs 1000 crore Syndicate Bank case

CBI arrests CA, realtor in Rs 1000 crore Syndicate Bank case

CBI on Saturday arrested a Rajasthan- based Chartered Accountant (CA) and a real estate agent in connection with its probe into the Rs 1,000 crore Syndicate Bank fraud case. 

Crisil downgrades 8 PSBs, puts Syndicate Bank on negative watch

Crisil downgrades 8 PSBs, puts Syndicate Bank on negative watch

Credit rating agency Crisil Thursday downgraded eight PSBs including Bank of India and Canara Bank, following deterioration in their asset quality and also revised the outlook on five of them to negative.

Syndicate Bank fraud: CBI books 5 bank officials, 4 businessmen in Rs 1,000-cr scam

Syndicate Bank fraud: CBI books 5 bank officials, 4 businessmen in Rs 1,000-cr scam

The executives and the businessmen have been named in an FIR registered by the CBI after which it carried out searches Tuesday at 10 locations spread in three cities--Delhi NCR, Jaipur and Udaipur.

Syndicate Bank fraud case: CBI conducts searches at 10 branches, stock falls

Syndicate Bank fraud case: CBI conducts searches at 10 branches, stock falls

The Central Bureau of Investigation on Tuesday carried out searches at 10 locations in Jaipur, Udaipur and Delhi in connection with alleged fraud of Rs 1,000 crore in Syndicate Bank.

 

More PSBs, private banks join rate cut bandwagon

More PSBs, private banks join rate cut bandwagon

State-run United Bank of India in a separate statement said that it has decided to reduce base rate or the minimum lending rate to 9.65 percent from 9.90 percent with effect from October 12.

Syndicate Bank Q1 net dips 38% to Rs 302 cr

The bank had a net profit of Rs 485.42 crore in the April-June quarter of 2014-15 fiscal.

More PSU banks cut lending, deposit rates

Two PSU banks, Central Bank of India and Syndicate Bank, Friday announced a cut in their lending rates while two others reduced deposit rates after RBI lowered the policy rate by 0.25 percent this week.

Syndicate Bank net profit rises marginally to Rs 417 crore

State-owned Syndicate Bank on Saturday reported a marginal 2 percent growth in net profit to Rs 417 crore in the fourth quarter ended March 31, 2014-15.

Syndicate Bank raises Rs 400 cr

Syndicate Bank today said it has raised Rs 400 crore by issuing bonds.

CBI inspector, bank official arrested for taking bribe

CBI has arrested an inspector in its own ranks along with a Syndicate bank's official attached with the agency on secondment for allegedly demanding and accepting a bribe.

NTPC signs Rs 3,000 cr worth of term loans

The current installed capacity of NTPC is 43,128 MW.

NTPC signs Rs 3,000 cr worth of term loans

State-owned power producer NTPC on Tuesday said it has signed term loan agreements for Rs 3,000 crore to part finance its capital expenditure.

Syndicate Bank Q2 Net declines 33% to Rs 315 crore

The bank had registered net profit of Rs 470.12 crore during the July-September quarter of FY14, it said in a BSE filing.

Govt scraps selection of 6 UPA-nominated bank CMDs

A Finance Ministry statement said future vacancies of chairman and managing directors (CMDs) as well as executive directors of PSU banks will now be filled through a new selection process.

Suspended Syndicate Bank CMD, others gets bail in bribery case

Syndicate Bank's suspended CMD S K Jain and five others were on Wednesday granted bail by a Delhi court after the CBI failed to file charge sheet against them in the stipulated period of 60 days in a bribery case.

Syndicate Bank bribery case: Court grants bail to 3 accused

A Delhi court on Saturday granted bail to Bhushan Steel Ltd Vice Chairman and Managing Director Neeraj Singal, CMD of Prakash Industries Limited Ved Prakash Agarwal and one other accused, arrested in connection with the Syndicate Bank bribery case.

Syndicate Bank bribery case: Accused in judicial remand

A special court on Wednesday remanded in judicial custody till September 30 Syndicate Bank's suspended CMD S K Jain, Bhushan Steel Ltd Vice Chairman and Managing Director Neeraj Singal and others.

Former Syndicate Bank MD sent to judicial custody

CBI Special Judge Swarna Kanta Sharma remanded Jain and middleman Vineet Godha to a day`s judicial custody and refused to grant two days of custodial interrogation of the two.