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Syndicate Bank rises on launching international gold debit card and RuPay kisan card

Syndicate Bank - (Amalgamated) | Bank - Public | BFSI | BSE: 532276 | NSE: SYNDIBANK

22 Oct 2012 Evaluate

Syndicate Bank is currently trading at Rs. 124.15, up by 0.70 points or 0.57% from its previous closing of Rs. 123.45 on the BSE.

The scrip opened at Rs. 123.00 and has touched a high and low of Rs. 125.90 and Rs. 122.50 respectively. So far 1,39,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 125.90 on 22-Oct-2012 and a 52 week low of Rs. 67.45 on 30-Dec-2011.

Last one week high and low of the scrip stood at Rs. 125.90 and Rs. 115.00 respectively. The current market cap of the company is Rs. 7,473.00 crore.

The promoters holding in the company stood at 66.17% while Institutions and Non-Institutions held 21.21% and 12.63% respectively.

In order to mark the occasion of 88th Foundation Day, Syndicate Bank has launched international gold debit card and RuPay kisan cards. The international gold debit card is targeted for premium segment customers where they would have withdrawal facility of Rs 25,000 a day and point of sale transactions up to Rs 50,000.

The RuPay kisan credit card is the domestic ATM/debit card payment system on the lines of international systems like Visa and Mastercard which will help farmers to buy fertilisers and seeds. Besides, it would also facilitate farmers to meet their short-term credit needs of crop cultivation, post harvest expenses, household consumption as well as working capital for maintenance of farm assets and allied agricultural activities.

Further, the bank has also launched zero balance ‘Synd Navratna’ savings bank account whereby it will not levy any charges on customers if they maintain zero balance in their account. The bank has unveiled an online donations facility to Prime Minister’s National Relief Fund. The bank has over 2,700 branches including one overseas branch in London and two exchange houses in Qatar and Oman.

Synd.Bank-Amalgamat Share Price

23.40 0.00 (0.00%)

19-Mar-2020 18:01 View Price Chart

Peers

Company Name	CMP
SBI	1080.35
PNB	114.50
Canara Bank	142.35
Bank Of Baroda	280.00
Union Bank Of India	188.90
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Syndicate Bank rises on launching international gold debit card and RuPay kisan card

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