Gold Silver Reports (GSR) – Syndicate Bank @Nine-Year Low After Reporting Loss In March Quarter – Shares of the Manipal-based public lender fell as much as 7.3 percent to Rs 46.5, lowest since March 2009. Syndicate Bank reported a net loss of Rs 2,195.1 crore in the March-ended quarter due to high bad loans that required higher provisioning. The bank had reported a net profit of Rs 103.8 in the corresponding quarter last year. Provisions during the quarter stood at Rs 3,544.7 crore.
Syndicate Bank
PSU Banks Witness Selling Pressure, Bank Of Baroda Falls Most In A Year
Gold Silver Reports (GSR) – PSU Banks Witness Selling Pressure, Bank Of Baroda Falls Most In A Year — Shares of the government-owned lenders came under sharp selling pressure. Gauge of the PSU banks — Nifty PSU Bank index slumped 2.7 percent led by losses in Bank of Baroda, Oriental Bank …