Syndicate Bank is planning to raise Rs 4,500 crore in financial year (FY) - 18 to bolster its share capital base. The Bank will raise Rs 2,500 crore under common equity (CET-1), 1,000 crore under AT-1, and Rs 1,000 crore Basel-III compliant bonds.
The Bank’s Capital Adequacy Ratio (CRAR) (Basel III) improved to 12.30 per cent as on June 30, 2017, from 11 per cent a year ago. The net worth of the Bank as on June 30, 2017, was Rs 11,856 crore in comparison to Rs 11,488 crore last year (June 30, 2016).
The Bank’s gross NPA for the April-June quarter of the current fiscal increased to 9.96%, as compared to 7.53% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 6.27% in Q1FY18.
