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Syndicate Bank raises funds by way of Preferential Allotment from government

31 Dec 2018 Evaluate

Syndicate Bank has received Rs 1632 crore by Government, 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. The bank has received the amount on December 31, 2018 in the account maintained with the Reserve Bank of India (RBI).

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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