Syndicate Bank has informed that the Board of Directors in its meeting held on November 28, 2016 has accorded approval for the Bank 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.
The above information is a part of company’s filings submitted to BSE.