Syndicate Bank

Syndicate Bank to Convene AGM On 25 June 2013 Syndicate Bank has announced that the 14th annual general meeting of the company will be held on 25 June 2013.

Syndicate Bank Recommends Dividend Of Rs 6.70 Per Share The board of Syndicate Bank in its meeting held on 02 May 2013, has recommended a dividend of Rs 6.70 per share (67%) for the year 2012-2013.

Syndicate Bank to consider dividend Board meeting on 02 May 2013 The board meeting of Syndicate Bank will be held on 02 May 2013 to consider and approve the audited financial results of the bank for the year ended 31 March 2013 and to recommend dividend, if any.

Syndicate Bank revises its BPLR & base rate With effect from 13 February 2013 The base rate and benchmark prime lending rate (BPLR) of Syndicate Bank stands reduced from 10.50% to 10.25% and from 14.75% to 14.50%, respectively, with effect from 13 February 2013.

Central Government appoints C R Naseer Ahmed as part-time non-official director of Syndicate Bank With effect from 01 February 2013 Syndicate Bank has announced that the Central Government has nominated C R Naseer Ahmed as part-time non-official director on the board of directors of the bank for a period of three years with effect from 01 February 2013 or until further orders, whichever is earlier.

Syndicate Bank to raise capital The board of Syndicate Bank in its meeting on 23 January 2013 has given "in principle approval" for raising of capital by any means including qualified institutional placement (QIP).

Syndicate Bank to announce Q3 results Board meeting on 23 January 2013 The board meeting of Syndicate Bank will be held on 23 January 2013 to consider and approve the unaudited financial results of the bank for the third quarter (of the current financial year 2012-13) ended 31 December 2012 (Q3).

Appointment of Statutory Central Auditors For the year 2012-13 The Syndicate Bank has announced, the appoinement of following 6 Chartered Accountant Firms as statutory central auditors of the bank for the year 2012-13: 1. Thakur Vaidyanath Aiyar & Co. 2. Chandiok & Guliani 3. J N Sharme & Co. 4. Ramanlal G Shah & Co. 5. Sambhu N De & Co. 6. K N Goyal & co.

Syndicate Bank raises $500 million Through MTN issue Syndicate Bank has raised USD 500 million, the second and final tranche under the bank`s medium term note (MTN) programme size of USD 1000 million in terms of the offering circular dated 18 October 2010.

Syndicate Bank to announce Q2 results Board meeting on 22 October 2012 The board meeting of Syndicate Bank will be held on 22 October 2012 to consider and approve the unaudited financial results of the bank for the second quarter (of the current financial year 2012-13) ended 30 September 2012.

Syndicate Bank to announce Q1 results Board meeting on 30 July 2012 The board meeting of Syndicate Bank will be held on 30 July 2012 to consider and approve the unaudited financial results of the bank for the first quarter ended 30 June 2012 (Q1).

Syndicate Bank recommends dividend Of 38% The board of Syndicate Bank in its meeting on 05 May 2012 has recommended dividend at the rate of Rs 3.80 per share (38%).

Syndicate Bank to announce financial results Board meeting on 05 May 2012 The board meeting of Syndicate Bank will be held on 05 May 2012 to consider the audited financial results of the bank for the year ended 31 March 2012 and to recommend dividend, if any.

Syndicate Bank to decrease its base rate & BPLR Syndicate Bank has decided to decrease the base rate by 25 bps, i.e., from 10.75% to 10.50% with effect from 01 May 2012. The bank has decided to decrease the BPLR by 25 bps, i.e., from 15.00% to 14.75% with effect from 01 May 2012. Further, the bank has decided to revise downward interest rates on domestic term deposits upto Rs 15 lakh under select maturity buckets with effect from 23 April 2012.

Syndicate Bank allots equity shares On preferential basis Syndicate Bank on 29 March 2012 has allotted 2,86,64,284 equity shares of face value of Rs 10 each on preferential basis to various schemes of LIC of India, consequent upon receipt of funds from LIC of India.

Syndicate Bank to convene EGM On 22 March 2012 The extraordinary general meeting of Syndicate Bank will be held on 22 March 2012 to consider raising of capital by creating, offering, issuing and allotting such number of equity shares of face value of Rs 10 each for cash at Rs 114.15 determined by the board in accordance with Regulation 76 (1) of SEBI ICDR Regulations upto to Rs 539 crore on preferential basis to Government of India. The members will also consider raising of capital by creating, offering, issuing and allotting upto 2,86,64,284 equity shares of face value of Rs 10 each for cash at Rs 114.15 determined by the board in accordance with Regulation 76 (4) of SEBI ICDR Regulations aggregating upto Rs 327.20 crore on preferential basis to Life Insurance Corporation of India (LIC) and / or its various schemes (LIC).

Syndicate Bank to hold board meeting On 11 February 2012 The board meeting of Syndicate Bank will be held on 11 February 2012 to consider issuance of equity shares of face value of Rs 10 each by way of preferential allotment in favour of Government of India / others.

Syndicate Bank to announce Q3 results Board meeting on 20 January 2012 The board meeting of Syndicate Bank will be held on 20 January 2012 to consider the unaudited financial results of the bank for the third quarter (of the current financial year 2011-12) ended 31 December 2011 (Q3).

Central Government appoints Ramesh L. Adige as part-time non-official director of Syndicate Bank From 09 December 2011 Syndicate Bank has announced that the Central Government has appointed Ramesh L. Adige as part-time non-official director on the board of directors of the bank for a period of three years from 09 December 2011 or until further orders, whichever is earlier.

Central Government appoints M G Sanghvi as chairman & MD of Syndicate Bank Syndicate Bank has announced that the Central Government after consultation with Reserve Bank of India has appointed M G Sanghvi, executive director, Bank of Maharashtra as chairman and managing director of the bank from the date of his taking over charge of the post on or after 01 March 2012 till 30 June 2013 i.e. the date of his attaining the age of superannuation or until further orders, whichever is earlier.

Syndicate Bank to announce Q2 results Board meeting on 22 October 2011 The board meeting of Syndicate Bank will be held on 22 October 2011 to consider the unaudited financial results of the bank for the second quarter (of the current financial year 2011-12) ended 30 September 2011.

Syndicate Bank launches special CASA campaign across the country From 01 September 2011 Syndicate Bank has launched a special CASA campaign form 01 September 2011 across all its 2550+ branches in the country. The campaign is aimed to bring in more new customers (both individuals & business enterprises) into the bank`s fold and also to augment the CASA deposit of the bank. The special attraction of this campaign is that the bank offers rainbow benefits / package to the savings bank customers. The bank is aiming substantial growth under CASA portfolio during this special campaign.

Central Government appoints M Anjaneya Prasad as executive director of Syndicate Bank With effect from 24 August 2011 Syndicate Bank has announced that the Central Government after the consultation with Reserve Bank of India has appointed M Anjaneya Prasad as executive director of the bank with effect from 24 August 2011 till 30 November 2014 i.e. the date of his superannuation or until further orders, whichever is earlier.

Central Government appoints Jagdish Raj Shrimali as part-time non-official director of Syndicate Bank With effect from 29 July 2011 Syndicate Bank has announced that the Central Government has nominated Jagdish Raj Shrimali as part-time non-official director on the board of directors of the bank for a period of three years from 29 July 2011 or until further orders, whichever is earlier.

Syndicate Bank revises benchmark prime lending rate & base rate With effect from 01 August 2011 The base rate and the benchmark prime lending rate of Syndicate Bank stands revised from 10.25% to 10.75% and from 14.50% to 15.00%, respectively, effective from 01 August 2011.

Syndicate Bank appoints part-time non-official director On 22 July 2011 Syndicate Bank has announced that the Central Government after consultation with Reserve Bank of India, has nominated Dilip Kumar Saxena as part-time non-official director under chartered accountant category on the board of directors of the Bank for a period of three years from 22 July 2011 or until further orders, whichever is earlier.

Syndicate Bank to announce Q1 results Board meeting on 29 July 2011 The board meeting of Syndicate Bank will be held on 29 July 2011 to approve the unaudited financial results of the bank for the first quarter ended 30 June 2011 (Q1).

Syndicate Bank increases its base rate & BPLR With effect from 05 July 2011 Syndicate Bank has announced that the base rate and BPLR of the bank stands revised from 10.00% to 10.25% and 14.25% to 14.50%, respectively with effect from 05 July 2011.

M Bhaskara Rao ceases as director of Syndicate Bank With effet from 12 May 2011 Syndicate Bank has announced that M Bhaskara Rao ceased to be a director of the bank with effect from 12 May 2011.

Syndicate Bank recommends dividend Of 37% The board of Syndicate Bank in its meeting on 12 May 2011 has recommended dividend at the rate of Rs 3.70 per share (37%) for the year 2010-2011.

Syndicate Bank allots equity shares On preferential basis Syndicate Bank on 23 March 2011 has allotted 5,13,17,389 equity shares of face value of Rs 10 each, aggregating to Rs 633 crore on preferential basis to Government of India.

Syndicate Bank to raise capital To issue & allot equity shares The equity shareholders of Syndicate Bank have approved to raise capital by issuing & allotting 5,13,17,389 equity shares of face value of Rs 10 each, aggregating to Rs 633 crore on preferential basis to Government of India. This was approved at the extraordinary general meeting held on 19 March 2011.

Syndicate Bank to issue & allot equity shares On preferential basis The board of Syndicate Bank in its meeting on 19 February 2011 has permitted the bank to initiate process to raise capital by creating, offering, issuing and allotting such number of equity shares of face value of Rs 10 each, aggregating to Rs 633 crore on preferential basis to Government of India and to complete the formalities by March 31, 2011.

Syndicate Bank to hold board meeting On 19 February 2011 The board meeting of Syndicate Bank will be held on 19 February 2011 to consider allotment of equity shares of face value of Rs 10 each in favour of Government of India by way of preferential allotment of equity.

Syndicate Bank to announce Q3 results Board meeting on 01 February 2011 The board meeting of Syndicate Bank will be held on 01 February 2011 for approving the unaudited financial results of the bank for the third quarter (of the current financial year 2010-11) ended 31 December 2010 (Q3).

Syndicate Bank introduces Synd ASBA For investment in public issues and rights issue Syndicate Bank introduced a new hassle free solution for investment in public issues and rights issue called Application Supported by Blocked Amount (Synd ASBA) as per the SEBI guidelines. Unlike the current system of applying in IPOs using cheques, where the funds are blocked unproductively as application money till the finalization of the allotment, under ASBA the funds will continue to earn interest during the application processing period as application money remains blocked in account till allotment. Customer Account will be debited only on successful allotment and to the extent of allotment thus obviating the hassles of waiting for refund orders. This facility is also available for rights issue and new fund Offers (NFO) of mutual funds. At present, SyndASBA facility is available in 49 branches. ASBA IPO application forms are different from general IPO application forms and are available at designated branches or can also be downloaded fromthe websites, NSEINDIAIPO and BSEINDIA. The company made this announcement on 08 December 2010.

Syndicate Bank to announce Q2 results Board meeting on 29 October 2010 The board meeting of Syndicate Bank will be held on 29 October 2010 to consider and approve the unaudited financial results of the bank for the second quarter ended 30 September 2010 (Q2).

Central Government appoints Ravi Chatterjee as Syndicate Bank Syndicate Bank has announced that the Central Government after consultation with Reserve Bank of India has nominated Ravi Chatterjee as executive director of the bank with effect from the date of his taking over charge of the post and upto 31 August 2013.

Central Government appoints A S Rao as director of Syndicate Bank With immediate effect Syndicate Bank has announced that the Central Government, vide its notification dated 30 July 2010 has nominated A S Rao as director on the board of directors of the bank in place of K Seetharamu with immediate effect and until further orders.

Syndicate Bank to announce Q1 results Board meeting on 31 July 2010 The board meeting of Syndicate Bank will be held on 31 July 2010 to approve the unaudited financial results of the bank for the first quarter ended 30 June 2010 (Q1).

Central Government appoints Dinkara S Punja as director of Syndicate Bank With effect from 12 July 2010 Syndicate Bank has announced that the Central Government after consultation with Reserve Bank of India has nominated Dinkara S. Punja as officer employee director on the board of directors of the bank for a period of three years from 12 July 2010.

Syndicate Bank fixes base rate At 8.25% Syndicate Bank has fixed the base rate at 8.25% with effect from 01 July 2010.