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Tag Archives: Reserve Bank

Balance in inoperative accounts

(SUBHASH CHANDRA AGRAWAL) Huge balance is lying in inoperative accounts in banks with even many account-holders having forgotten about their bank-accounts. Reserve Bank of India (RBI) has introduced Know-Your-Customer (KYC) forms which has been made mandatory also for closing such inoperative accounts. Such cumbersome practice not only is causing difficulty ... Read More »

Post-demonetisation, 99% of Rs 1,000 notes back with RBI?

How many worthless Rs 1,000 and 500 notes were hoarders of black money left holding on to after demonetisation because they couldn’t reveal they had them? No official answer has been provided for eight months, leaving everybody from the common man to the Supreme Court wondering. Now, data put out by the Reserve ... Read More »

Syndicate Bank to raise funds up to Rs 3,500 crore in FY18

Syndicate Bank has received an approval to raise equity capital up to Rs 3,500 crore inclusive of premium to be decided by way of Qualified Institutional Placement/Rights Issue/Preferential Allotment / or any other mode approved by Reserve Bank of India/Government of India, at an appropriate time, subject to necessary approvals, ... Read More »

Syndicate Bank informs about company updates

Syndicate Bank has informed that Board of Directors of the Bank in its meeting held on 29th May 2017 approved to raise equity capital up to Rs 3500 Crore inclusive of premium to be decided by way of Qualified Institutional Placement/Rights Issue/Preferential Allotment / or any other mode approved by ... Read More »