Comments
Syndicate Bank on Tuesday sought to assure its customers, stakeholders and all concerned that the fundamentals of the bank continue to be robust and that it was functioning normally.
This follows the suspension of its Chairman and Managing Director, Sudhir Kumar Jain, on Monday by the Government after he was arrested by the Central Bureau of Investigation on Saturday for allegedly receiving a bribe of Rs 50 lakh to extend credit limit to steel companies -- Bhushan Steel and Prakash Industries.
In a press statement, the Bank, further, reiterated its commitment to continue satisfactory customer services and assured that all customers can avail themselves regular banking services as usual. The Syndicate Bank scrip was trading flat at Rs 134.75 in the intraday trade at the BSE on Tuesday.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.