Centre pumps in Rs 728 cr to Syndicate Bank

IANS

Published: October 23, 2018 12:16 PM IST

The bank informed the BSE in a regulatory filing on Monday that the capital infusion has been made on October 22: File photo

Mumbai: Public sector lender Syndicate Bank has received a capital infusion of Rs 728 crore from the Central government.

The bank informed the BSE in a regulatory filing on Monday that the capital infusion has been made towards contribution of the Central government in the preferential allotment of equity shares during financial year 2018-19.

"The said fund was received by the bank on 22nd October, 2018 and has been kept in 'Syndicate Bank Share Application Money Account'," the lender said in the regulatory filing.

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