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  Reliance, Jio secure a record $5 billion syndicated loan from international banks

  Business | April 05, 2023 17:24 IST

  Reliance Industries and Jio Infocomm have recently secured $5 billion in syndicated loans. The two businesses will each receive a $2 billion add-on loan, which is anticipated to be completed by the end of April.

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  ED attaches assets worth Rs 4.9 cr in Syndicate Bank fraud case

  Business | July 28, 2021 14:12 IST

  The ED in a statement said that the financial probe agency has attached the properties under the Prevention of Money Laundering Act (PMLA).

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  Amalgamation of Syndicate Bank into Canara Bank to take effect from Wednesday

  Business | March 31, 2020 18:32 IST

  The amalgamation of Syndicate Bank into Canara Bank would come into effect from Wednesday. The combined Bank will have 10,391 branches and 12,829 ATMs, a Canara Bank statement said here. It will have a combined strength of 91,685 employees.

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  Bank strike: SBI to Bank of Baroda, services at these banks to be hit across India today

  Business | January 08, 2020 15:42 IST

  Bank Strike: If you have any important work at bank branches than on Wednesday then you'll have to wait for Thursday as operations across bank branches including State Bank of India (SBI) and ATMs will be affected across the country due to Bharat Bandh.

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  Post merger of Syndicate Bank, Canara Bank turnover will be Rs 15 lakh crore: Chairman

  Business | December 04, 2019 19:22 IST

  Canara Bank Chairman T N Manoharan said his bank was having a business of Rs.10 lakh crore and the Syndicate Bank Rs.five lakh crore. Post merger, the Canara Bank will have a total of Rs.15 lakh crore turnover, he told reporters in Coimbatore.

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  RBI slaps penalties on Axis Bank, UCO Bank and Syndicate Bank

  Business | February 05, 2019 21:28 IST

  A penalty of Rs 2 crore has also been imposed on UCO Bank and Rs 1 crore on Syndicate Bank for violation of norms.  

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  CBI registers case against four former Syndicate bank employees in Rs 209 cr fraud case

  March 25, 2017 19:30 IST

  The CBI has registered a case against two former additional general managers and two ex-chief managers of Syndicate bank and others for causing an alleged loss of Rs 209 crore to the bank.

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  CBI books 5 senior officials of Syndicate Bank in Rs 1,000 cr scam

  March 08, 2016 19:37 IST

  New Delhi: There is trouble in store for some senior officials of the state-run Syndicate Bank with the Central Bureau of Investigation (CBI) booking them on charges of fraud and cheating as part of their investigations

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  Centre appoints Executive Directors to nine public sector banks

  March 11, 2015 20:18 IST

  New Delhi: The Appointments Committee of the Cabinet has approved appointment of executive directors to nine public sector banks filling up vacancies which had not been filled since a long time.Ravi Shankar Pandey, GM, Union

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  Syndicate Bank Q2 net declines 33% to Rs 315 crore

  November 07, 2014 14:20 IST

  New Delhi: Syndicate Bank has reported 33 per cent decline in net profit to Rs 315.60 crore for the quarter ended September as the state-run lender made higher provisioning towards bad loans and the tax

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  Government scraps selection of CMDs for six banks, initiates probe

  India | October 28, 2014 10:51 IST

  New Delhi: Government today scrapped the selection of six PSU bank heads during UPA tenure following a high-level panel finding irregularities in the process followed.The probe into the selections to banks like Bank of Baroda

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  Syndicate Bank Chief SK Jain sacked for corruption

  September 23, 2014 17:06 IST

  New Delhi: State-owned Syndicate Bank on Tuesday said that it has terminated its suspended chairman and managing director Sudhir Kumar Jain's term, with immediate effect."Syndicate Bank has informed the Exchange that the Central Government (vide

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  Syndicate Bank CMD sent to police custody for questioning

  August 04, 2014 7:12 IST

  Bangalore/New Delhi: A Delhi court Sunday sent Syndicate Bank chairman and managing director Sudhir Kumar Jain, arrested by the CBI for taking bribes, to four days police custody for interrogation."The Patiala House court has granted

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  Syndicate Bank Seeks Government Nod for Rs 1,100 Crore QIP

  July 22, 2014 20:53 IST

  Kolkata: Syndicate Bank has sought the government's approval to raise Rs. 1,100 crore through qualified institutional placement (QIP) route. “We have written to the government seeking permission to raise Rs. 1,100 crore through the QIP route,”

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  Syndicate Bank to raise USD 350 million for its London branch

  May 09, 2014 21:36 IST

  Hyderabad: State-owned Syndicate Bank plans to raise USD 350 million through Medium Term Notes (MTNs) during the current quarter to meet lending requirements of its London branch, a top official said today.  A medium-term note

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  Syndicate Bank to raise Rs 1,500 cr from share sale

  May 07, 2014 23:47 IST

  New Delhi: Syndicate Bank on Wednesday said it plans to raise up to Rs 1,500 crore through share sale including rights issue or follow on public offer.The board has approved to raise equity capital of

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  Plea not to close down RBI counters

  May 18, 2012 19:47 IST

  Kochi, May 18: Syndicate Bank Staff Association today strongly opposed the move to close down RBI counters delivering coins and currency notes in metro centres and state capitals in a phased manner.This move is ‘disastrous