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Govt to infuse Rs 1632 crore in Syndicate Bank

29 Dec 2018 Evaluate

Government has decided to infuse Rs 1632 crore into Syndicate Bank. This is towards contribution of the Central Government in the preferential allotment of equity shares (Special Securities/Bonds) of the bank during the Financial Year 2018-19, as government's investment.

Syndicate Bank is one of the oldest and major commercial banks of India.

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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