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Syndicate Bank raises Rs 750 crore through debt securities

03 Dec 2014 Evaluate

Syndicate Bank, a state-run bank, has raised unsecured redeemable non-convertible Basel II Compliant Tier II bonds in the nature of debentures aggregating to Rs 750.00 crore. The issue is fully subscribed.

Syndicate Bank (SB) is a Manipal-based public sector bank which was established in 1925. The bank has registered 32.86% fall in its net profit at Rs 315.60 crore for second quarter ended September 30, 2014 as compared to Rs 470.12 crore for the same quarter in the previous year.

Peers
Company Name CMP
State Bank Of India 989.80
PNB 117.20
Bank Of Baroda 234.80
Canara Bank 123.50
Union Bank Of India 177.00
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