Syndicate Bank informs about company updates

31 Dec 2018

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015, Syndicate Bank has informed that Government of India, Ministry of Finance, Department of Financial Services vide Notification No. F. No. 7/38/2014-BOA dated 26th December, 2018 has conveyed the sanction of the President of India for release of Rs 1632 Crore to the Bank 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 Governments Investment. The amount of Rs1,632 Crore has been received by the Bank on 31.12.2018 in the account maintained with the Reserve Bank of India (RBI).

The above information is a part of company’s filings submitted to BSE.

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