Syndicate Bank receives Rs 728 cr capital infusion

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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.

Published : Monday, October 22, 2018 23:00 [IST]
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