Search For "syndicate bank"
RBI imposes Rs 1 crore fine on LVB, Rs 75 lakh on Syndicate Bank for viola
Updated : 6 years, 5 months ago IST
Mumbai (Maharashtra) [India], Oct 15 (ANI): The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1 crore on Lakshmi Vilas Bank for non-compliance with certain provisions of directions on Income Recognition and Asset Classification (IRAC) norms.
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Moody's takes rating action on five Indian public sector banks following m
Updated : 6 years, 6 months ago IST
Singapore, Sept 4 (ANI): Moody's Investors Service on Wednesday took rating actions on Canara Bank, Oriental Bank of Commerce (OBC), Punjab National Bank (PNB), Syndicate Bank and Union Bank of India (Union Bank) that will undergo mergers as announced by the government.
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PNB's board to meet soon on merger with Oriental Bank, United Bank
Updated : 6 years, 6 months ago IST
New Delhi [India], Aug 31 (ANI): Punjab National Bank (PNB) will soon hold a board meeting to consider its amalgamation with Oriental Bank of Commerce and United Bank of India.
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Government unveils merger of 10 PSU banks to become four major entities
Updated : 6 years, 6 months ago IST
New Delhi [India], Aug 30 (ANI): Government on Friday announced merger of 10 public sector banks (PSBs) into four strong lenders with countrywide networks and global reach to boost credit and revive economic growth in the nation's bid to become a five trillion dollar economy in the next f
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After SBI, more PSU banks link deposit and loan rates to repo
Updated : 6 years, 7 months ago IST
New Delhi [India], Aug 10 (ANI): More government-owned banks have announced linking their lending and deposit rates to the Reserve Bank of India's (RBI's) repo for facilitating faster transmission after the State Bank of India did so in May.
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Syndicate Bank cuts MCLR across tenors by 5 basis points
Updated : 6 years, 8 months ago IST
Mumbai (Maharashtra) [India], July 13 (ANI): Government-owned Syndicate Bank has reduced its marginal cost of funds-based lending rate (MCLR) by 5 basis points for various tenors effective July 15.
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Syndicate Bank reports net loss of Rs 2,587 crore in FY 19
Updated : 6 years, 10 months ago IST
Mumbai (Maharashtra) [India], May 11 (ANI): Government-owned Syndicate Bank suffered a net loss of Rs 2,587 crore during 2018-19 on account of bad loans compared to a net loss of Rs 3,223 crore in the previous fiscal year.
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CBI books ex-chairman of pvt firm for cheating bank
Updated : 7 years, 9 months ago IST
New Delhi [India], June 8 (ANI): Central Bureau of Investigation (CBI) on Friday filed a charge-sheet in the Court of Additional Chief Metropolitan Magistrate in Chennai against the then chairman of Chennai based private company and others for causing a loss of approximately Rs 102.87 crore
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CBI registers case against two former Syndicate Bank officials
Updated : 8 years, 6 months ago IST
New Delhi [India], Mar. 25 (ANI): The Central Bureau of Investigation (CBI) has registered a case on a complaint from Syndicate Bank against two then AGMs and two then chief managers of Syndicate Bank and six private persons including CA, Builder etc. related to a fraud in its two branches
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