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Public Sector Syndicate Bank aims to achieve profit between Rs 500 to Rs 1,000 crore in FY 2019-20. The proposed profit is based on the fact that the bank’s Non-Performing Assets (NPA) came down to 6.1 per cent from 12 per cent. Syndicate Bank MD and CEO Mrutyunjay Mahapatra said, “We faced losses in the […]
Public Sector ‘Syndicate Bank’ is adjusted as the Best Bank to work in India as per Forbes list 2019. Banks were rated on general satisfaction and key attributes like trust, fees, digital services and financial advice. First time, the best bank list is published by Forbes on the basis of customer satisfaction and not on […]
Public sector Syndicate Bank has hinted to launch the proposed Employee Share Purchase Scheme (ESPS) in the first week of March at discounted rates. Discounts on ESPS will range from 23 to 25 per cent, based on seniority and designations.It is believed that the employees at lower scale will be getting the maximum discount. More […]
MD & CEO of Syndicate Bank has hinted about shifting of current corporate office of the Bank to one location in Bangalore. Syndicate Bank is Currently distributed across the city and in Bengaluru and in Manipal, its original headquarter.. He said during interview with TOI here. He also hinted that the bank will raise Rs 300-350 crore […]
Syndicate Bank’s MD & CEO Mrutyunjay Mahapatra has said that the bank will raise Rs 300-350 crore capital by issuing shares to employees at a 25% discount to market price under a proposed employee stock purchase Plan (ESPP). The bulk of the shares will be available to all employees, a portion of the issue will be […]
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