SYNDICATE BANK - Credit Rating

With reference to above, we inform the following rating actions taken by Credit Rating Agencies with regard to the Bank:<BR> <BR> 1. M/s India Ratings has reaffirmed the rating of Additional Tier I bonds of the Bank at AA and Tier II bonds at AA+ while revising the outlook from 'Stable' to 'Negative'.<BR> <BR> 2. Moody's has affirmed the Bank's local and foreign currency bank deposit ratings at Baa3/Prime-3. Moody has also affirmed senior unsecured medium term note (MTN) program at (P)Baa3 and senior unsecured debt rating at Baa3. The outlook wherever applicable has been changed from 'Positive' to 'Stable'<BR> <BR> This information is given pursuant to Regulation 30 of SEBI (Listing Obligations and disclosure requirements) Regulations, 2015 for your information and records.<BR> <BR> <BR>