Syndicate Bank is reportedly planning to raise Rs 2,100 crore capital soon. The bank will raise the proposed capital by way of tier I capital and bonds. In this regard, the bank is in process of completing necessary approvals and the mobilisation of capital or part of it could happen before the end of March this year.
Syndicate Bank 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.
