Syndicate Bank’s board at its meeting held on November 28, 2016 has accorded approval to exercise the call option for Upper Tier II Bonds 2022 Series of Rs 200.10 crore, which is due for call option on February 28, 2017, subject to obtaining necessary approvals from Government of India/ Regulatory Authorities.
Syndicate Bank has reported 75.20% fall in its net profit at Rs 82.42 crore for the quarter under review as compared to Rs 332.37 crore for the same quarter in the previous year. Total income of the Bank decreased by 1.43% at Rs 6574.93 crore for the quarter under review as compared Rs 6670.19 crore for the corresponding quarter previous year.
