Syndicate Bank

Syndicate Bank terminates service of SK Jain as CMD

SK JainNew Delhi: Syndicate Bank's has terminated the service of its suspended CMD S K Jain who has been accused in a bribery case.

Jain and a co-accoused were yesterday remanded in CBI custody till today by a special court after the agency said they were required to be confronted with alleged middleman Purushottam Totlani.

S K Jain, CMD of Prakash Industries Limited Ved Prakash Agarwal, Bhushan Steel Ltd Vice Chairman and Managing Director Neeraj Singal, middle-man Vineet Godha and other accused were arrested by CBI in connection with the case.

Govt open to stringent steps to check Syndicate Bank like cases

Syndicate BankNew Delhi : Finance Minister Arun Jaitley on Sunday said that the government is open to putting in place stringent steps to check repeat of criminal cases like the alleged Syndicate Bank bribery scandal.

"I think banks already know what they are to do. If some stringent steps required, certainly it will be done," Jaitley said when asked if some fresh guidelines or strengthening of corporate governance are required to check repeat of alleged criminal cases Syndicate Bank scandal.

Syndicate Bank shares slump over 8% after chairman's arrest

Syndicate Bank shares slump over 8% after chairman's arrestMumbai - Shares of Syndicate Bank on Monday plunged over 8 percent after the CBI arrested its Chairman and Managing Director S K Jain for allegedly taking bribe of Rs 50 lakh for increasing credit limit of some companies.

Syndicate Bank's scrip slumped 8.57 percent to Rs 132.25 on the BSE. At the NSE, it tumbled 8.45 percent to Rs 132.10.

Led by the sharp fall in the stock, the company's market value fell by Rs 961.85 crore to Rs 8,078.17 crore.

Syndicate Bank Q1 profit up 7% at Rs 485 crore

Syndicate Bank Q1 profit up 7% at Rs 485 croreNew Delhi - State-owned Syndicate Bank on Thursday reported 7 percent increase in net profit to Rs 485 crore for the first quarter ended June 2014.

The bank had a net profit of Rs 452 crore during the corresponding period of the previous fiscal.

Total income of the bank rose to Rs 5,523.08 crore as against Rs 4,726.18 crore in the same quarter a year ago, Syndicate Bank Chairman and Managing Director Sudhir Kumar Jain said here.

Corporation Bank, Syndicate Bank cut lending rates

Corporation Bank, Syndicate Bank cut lending ratesFollowing the ongoing trend, two government-run banks on Friday slashed their respective lending rates on loans for home, auto and consumer durables.

Corporation Bank announced its decision to cut interest rates on loans for home, auto and consumer durables by up to 1.75 per cent; while Syndicate Bank slashed the interest rate on housing loans of above Rs 75 lakh by 0.25 per cent effective from 9th of October.

Syndicate Bank's third quarter net profit rises 50.3%

Syndicate Bank's third quarter net profit rises 50.3%Public sector bank, Syndicate Bank has said that its net profit during the third quarter of the financial year has risen by an impressive 50.3 per cent to to Rs 508 crore.

The hike in the net profit during the quarter was mainly due to a one-time tax write back of Rs 141 crore. Without the one-time component, the bank's net profit would have risen 8.50 per cent to Rs 367 crore. The net interest income, which is the difference between interest earned and paid, increased 6 per cent to Rs 1,400 crore.

Syndicate Bank cuts base rate by 25 bps to 10.50%

Syndicate Bank cuts base rate by 25 bps to 10.50%Syndicate Bank has cut its base rates by 25 bps to 10.50 per cent and the Benchmark Prime Lending Rate by 25 bps to 14.75 per cent from 15 per cent with effect from 1 May, 2012.

The bank announced a reduction in its lending rates after a similar move by other large banks in the country. The bank said that the new rates will be for domestic term deposits upto Rs 15 lakh under select maturity buckets starting from April 23, 2012.

Buy Syndicate Bank With Target Of Rs 130

Buy Syndicate Bank With Target Of Rs 130Technical Analyst Parsh Zaveri of Zaveri Investments has maintained 'buy' rating on Syndicate Bank stock with a target of Rs 130.

Mr. Bansal said that the stock can be purchased with a stop loss of Rs 115.

The stock of the bank, on March 28, closed at Rs 119.20 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 164.20 and a low of Rs 84.10 on BSE.

Current EPS & P/E ratio stood at 17.76 and 6.77 respectively.

Buy Syndicate Bank With Stop Loss Of Rs 113

Buy Syndicate Bank With Stop Loss Of Rs 113Technical analyst Salil Sharma maintained 'buy' rating on Syndicate Bank Limited stock with a target of Rs 120.

According to analyst, the stock can be purchased with a stop loss of Rs 113.

The stock of the bank, on Feb 21, closed at Rs 115.65 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 164.20 and a low of Rs 80 on BSE.

Current EPS & P/E ratio stood at 17.76 and 6.43 respectively.

Syndicate Bank Intraday Buy Call

Syndicate Bank Intraday Buy CallTechnical analyst Jatinder Sharma has maintained 'buy' rating on Syndicate Bank stock with a target of Rs 121.

According to analyst, the stock can be bought with a stop loss of rs 108.

The stock of the bank, on Feb 03, closed at Rs 113.20 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 164.20 and a low of Rs 80 on BSE.

Current EPS & P/E ratio stood at 17.76 and 6.45 respectively.

Intraday Buy Call For Syndicate Bank

Intraday Buy Call For Syndicate BankTechnical analyst Amit Gupta of ICICI Securities has maintained 'buy' rating on Syndicate Bank stock with a target of Rs 113-114.

According to analyst, the stock can be purchased on dips.

The stock of the company, on January 11, closed at Rs 102.50 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 164.20 and a low of Rs 80 on BSE.

Current EPS & P/E ratio stood at 16.79 and 6.23 respectively.

Sell Syndicate Bank With Target Of Rs 125

Sell Syndicate Bank With Target Of Rs 125Technical analyst Kunal Saraogi has maintained 'sell' rating on Syndicate Bank stock with a target of Rs 125.

According to analyst, the investors can sell the stock with a stop loss of Rs 145.

Today, the stock of the bank opened at Rs 128.15 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 164.20 and a low of Rs 80 on BSE.

Current EPS & P/E ratio stood at 16.79 and 7.69 respectively.

Buy Syndicate Bank On Dips

Buy Syndicate Bank On DipsStock market analyst Sudhanshu Pandey of FRR Shares and Securities has maintained 'buy' rating on Syndicate Bank stock with a target of Rs 165.

According to analyst, the stock can be purchased on dips around Rs 155-153 with a stop loss below Rs 150.

The stock of the company, on Nov 15, closed at Rs 158.05 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 160.40 and a low of Rs 80 on BSE.

Current EPS & P/E ratio stood at 16.79 and 9.62 respectively.

Short Term Buy Call For Syndicate Bank

Short Term Buy Call For Syndicate BankStock market analyst Sudarshan Sukhani, has maintained 'buy' rating on Syndicate Bank Ltd stock with short-term target of Rs 105.

According to analyst, the investors can buy the stock with stop loss of Rs 88.

Today, the stock opened at Rs 92 on the Bombay Stock Exchange (BSE).

Current EPS & P/E ratio stood at 15.58 and 5.87 respectively.

The share price has seen a 52-week high of Rs 105.40 and a low of Rs 65.05 on BSE.

Intraday Buy Call For Syndicate Bank

Intraday Buy Call For Syndicate BankStock market analyst Ashish Chaturmotha of Anand Rathi Securities is of the view that investors can buy Syndicate Bank stock with intra-day target of Rs 100.

According to analyst, the investors can buy the stock with stop loss of Rs 88.65.

The shares of the bank, on June 08, closed at Rs 92.65 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 105.40 and a low of Rs 65.05 on BSE.

Current EPS & P/E ratio stood at 15.58 and 6.03 respectively.

Intraday Buy Call For Syndicate Bank

Intraday Buy Call For Syndicate BankStock market analyst Anil Singhvi is of the view that investors can buy Syndicate Bank stock with intra-day target of Rs 105.

According to analyst, the investors can buy the stock with target of Rs 92.

The shares of the bank, on June 07, closed at Rs 94.85 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 105.40 and a low of Rs 65.05 on BSE.

Current EPS & P/E ratio stood at 15.58 and 6.19 respectively.

Syndicate Bank net profit dips by 18.5%

Syndicate-BankSyndicate Bank has declared its fourth quarter financial results for the fiscal year 2009-10.

As per the reports its net profit has declined by 18.5% in the quarter that ended on 31st March, 2010. The net profit of the company was found out to be Rs 168.2 crore for the quarter reviewed. At the same time, the total income of the company has also declined to Rs 2,742 crore in the January-March quarter.

Syndicate Bank Q3 Net Falls 42%

Syndicate Bank Q3 Net Falls 42%State-run Syndicate Bank posted net profit of Rs 206 crore during the three month period ended Dec 2009 as against Rs 356 crore in December 2008.

The banking institution recorded a marginal fall in its quarterly total income, which stood at Rs 2,677 crore as compared to Rs 2,759 crore earlier.

Net interest of the bank declined 5.15% YoY to Rs.718 crore as against Rs 757 crore.

Buy Syndicate Bank For 2-3 Days: Karvy

Buy Syndicate Bank For 2-3 Days: Karvy Limited has maintained 'Buy' rating on Syndicate Bank stock to achieve a target of Rs 105 in 2-3 trading sessions.

According to Karvy, interested traders can buy the stock between Rs 99-100 with a strict stop loss of Rs 96.

The shares of the bank on Wednesday, (Dec 02), closed at Rs 98.70 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 105.40 and a low of Rs 37.65 on BSE.

Current EPS and P/E of the stock stood at 19.20 & 5.21 respectively.

PayMate joins hands with Syndicate Bank

PayMate joins hands with Syndicate Bank PayMate.in. country's leading mobile commerce company, has tied alliance with Syndicate Bank, one of India's leading nationalized banks, to provide mobile banking solutions to their customers across over 2000 branches.

Under the pact, Syndicate Bank customers will be able to download a mobile banking application on their GPRS enabled cell phones and this application will allow them to carry out their daily banking functions like funds transfer, stop-cheque, balance enquiry, cheque book request etc.




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