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Syndicate bank News
Amalgamation of Syndicate Bank into Canara Bank to take effect from Wednesday
Wed, Apr 01, 2020
MD & CEO, Canara Bank, L V Prabhakar said: The amalgamated Bank shall massively enhance the reach of banking services to the larger public and augment the financial inclusion activities currently underway.
Syndicate Bank's global business has crossed Rs 5 lakh crore-mark: Mrutyunjay Mahapatra, MD & CEO
Thu, Feb 13, 2020
Quarter's highlight is that our global business has crossed Rs 5 lakh crore-mark and the bank's net profit has gone up to Rs 435 crore from Rs 108 crore posted in the same quarter of the corresponding fiscal. And, it stood at Rs 251 crore in the second quarter of FY20.
Homebuyers alert! Syndicate Bank home loans cut to lowest interest rates in banking sector
Wed, Dec 18, 2019
Syndicate Bank is offering home loan interest rates starting at 8 per cent, which is 10 bps lower than the industry average.
Bank strike alert! All Indian banks to remain closed on this day; complete important tasks now
Sun, Oct 20, 2019
It is against the merger of banks such as Punjab National Bank (PNB) with United Bank of India and Oriental Bank of Commerce, Syndicate Bank with Canara Bank; Allahabad Bank with Indian Bank, and Andhra Bank with Corporation Bank and Union Bank of India.
We will get to profitability in next one or two quarters: Mrutyunjay Mahapatra, MD & CEO, Syndicate Bank
Wed, Aug 28, 2019
Mrutyunjay Mahapatra, MD & CEO, Syndicate Bank says that they are going through stabilization phase of profitability at present after returning to profits in Q3 and Q4 of the last fiscal.
On lines of SBI, these PSUs to offer repo rate linked home, auto consumer loans soon
Tue, Aug 13, 2019
To address this complaint of customers, many government banks have now decided to offer repo rate linked products, in which the rate of interest will be on lines of RBI's rate cut.
After SBI, OBC, Syndicate Bank cuts MCLR across tenors by 5 basis points
Sat, Jul 13, 2019
The benchmark one-year MCLR, which forms the basis of most consumer and personal loans will be at 8.6 per cent as compared with 8.65 per cent currently, said the bank statement.
HDFC Bank named India's No. 1 bank; Is your bank in this prestigious Forbes list? Find out
Thu, Apr 11, 2019
In Forbes magazines' 'World's Best Bank' survey HDFC Bank emerged as India’s No 1 bank. the survey was done in partnership with market research firm Statista.
Syndicate Bank recruitment 2019: Fresh vacancies, last date April 18 - Apply on syndicatebank.in
Sun, Mar 31, 2019
Syndicate Bank recruitment 2019: Syndicate Bank has invited applications for 129 Specialist Officer posts.
Syndicate Bank Recruitment 2019: Apply for Specialist Officers post at syndicatebank.in
Thu, Mar 28, 2019
Syndicate Bank Recruitment 2019: Candidates after selection can be posted at Syndicate Bank's branches spread across the country. Candidates will be selected on the basis of written exam followed by GD and Interview.
Government's bank recap drive not enough for PSBs, Fitch reveals massive amount needed
Wed, Feb 27, 2019
In Fitch’s view, the authorities' approach to the banking sector has clearly shifted towards spurring lending in recent months.
Syndicate Bank hopes to recover Rs 1,500 crore from non-performing assets
Sat, Jan 12, 2019
Currently, the bank has a total business of roughly around Rs 4.80 lakh crore, comprising deposits of about Rs 2.50 lakh crore and advances of around Rs 2.15 lakh crore.
Syndicate Bank& SBI Life Insurance sign a bancassurance pact to offer financial planning solution to its customers
Wed, Jan 02, 2019
Syndicate Bank and SBI Life Insurance Wednesday announced that they have signed a bancassurance pact to offer a comprehensive financial planning solution to its customers.
Capital infusion: Govt infuses Rs 10,882 crore in four PSU banks
Mon, Dec 31, 2018
The bank has received Rs 3,074 crore in the equity by way of preferential allotment on Monday, UCO Bank said in a regulatory filing. Besides, Bank of Maharashtra got Rs 4,498 crore, Syndicate Bank Rs 1,632 crore and Central Bank of India Rs 1,678 crore.
Bank of Maharashtra appoints A S Rajeev as MD, CEO
Sun, Dec 02, 2018
Rajeev is having about three decades of professional experience in three Banks - Syndicate Bank, Vijaya Bank and Indian Bank.
Syndicate Bank raises MCLR by up to 0.15 pc
Sat, Nov 10, 2018
The interest rate for different categories of borrowers are pegged at the marginal cost of funds based lending rate (MCLR).
Syndicate Bank vs OBC lending rate hiked; will you benefit? Find out
Thu, Oct 11, 2018
Interest rates for Syndicate Bank’s loan tenure of three months have been hiked to 8.50% from 8.40% earlier. However, the interest rates for loan tenors of overnight, one month, six months and one year remain unchanged to 8.30%, 8.35%, 8.60%, and 8.80%, respectively.
PNB+Indian Bank+IOB and Canara+Syndicate+UCO mergers next? What BoB, Vijaya, Dena bank merger says
Tue, Sep 18, 2018
Centre will merge these banks next? As per this BoB, Vijaya, Dena Bank merger ''formula'', the answer is in the affirmative. The likely targets? PNB, Indian Bank, IOB; Canara, Syndicate, UCO
Have account with Syndicate Bank? Check out massive losses
Tue, Aug 07, 2018
Syndicate Bank said its net losses have widened to Rs 1,281.77 crore during the first quarter ended June of the current fiscal as bad loans rose. It had posted a loss of Rs 263.19 crore a year ago. Income also fell to Rs 5,637.51 crore during the June quarter of 2018-19, as against Rs 6,171.49 crore a year ago.
FAST MONEY: YES Bank, CG Power among top intraday trading ideas
Mon, Jul 30, 2018
The Sensex and Nifty are expected to open flat on Monday after Asian markets drifted lower while currencies kept to familiar ranges ahead of a busy week peppered with central bank meetings, corporate results and updates on US inflation and payrolls.