SYNDICATE BANK - Outcome of Board Meeting

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07 May 2014
Syndicate Bank has informed BSE that the Board of Directors of the Company at its meeting held on May 07, 2014 approved to raise equity capital of Rs. 1,500 Crore (Rupees One thousand five hundred crore only) including premium to be decided as per the guidelines by way of Qualified Institutional Placement (Domestic and Foreign financial institutions)/Rights Issue /Follow on Public /or any other mode approved by Reserve Bank of India / Government of India, at an appropriate time.<br/><br/>The Board also approved to raise Basel III Complaint Tier II Capital requirements upto Rs. 1,150.00 Crore (Rupees One thousand one hundred and fifty Crore only), as per eligibility at an appropriate time.
View all announcements for SYNDICATE BANK	Source: BSE India

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