Business   

13 p.c. final from Syndicate Bank

MANIPAL: The board of Syndicate Bank has declared a final dividend of 13 per cent for 2006-07. The bank had already paid an interim dividend of 15 per cent. Addressing press persons here on Friday, C. P. Swarnkar, Chairman and Managing Director, said the bank proposed to go in for a second follow-on public issue of equity shares at a suitable premium to meet additional capital requirement and Basel II norms. This would take place in the second half of the year, he said.

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

Unlock value, PSEs told
Ambanis’ SEZs get the go-ahead
Inflation at 13-month low
Sensex ends 3-day winning streak
Rupee reacts
Govt. to buy RBI’s stake in SBI
CII delegation to U.K.
BoI buys major stake in Indonesian bank
Forex reserves up $1.46 b
Volvo joint venture to start production by year-end
Amara Raja upbeat over Vodafone entry
FICCI hails stand on WTO
Infosys AGM nod for top-level changes
Trinity to pick up stake in Phoenix Mills
Blackberry Curve phone launched
Kingfisher Airlines ties up with Lufthansa
D & B to offer coaching for ICBRR certification
Perkinelmer buys balance stake in Indian co.
First Leasing declares 22.5 per cent dividend
Saksoft to expand capital base
Yahoo! signs mobile deal with Idea Cellular
13 p.c. final from Syndicate Bank

Copyright © 2007, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu