Syndicate Bank slumps after chairman's arrest

Mon Aug 4, 2014 10:36am IST

Related Topics

Stocks

   

Reuters Market Eye - Syndicate Bank Ltd (SBNK.NS) falls as much as 6.5 percent to its lowest since May 21.

The lender's chairman was arrested over allegations of taking bribes to grant loan extensions to a company.

The stock had already slumped 18 percent in July on profit-taking in mid-cap shares.

Despite July falls, Syndicate Bank was up 52.5 percent this year as of Friday.

(Reporting by Indulal PM)

FILED UNDER:

Religion and Politics

REUTERS SHOWCASE

Fund Raising

Fund Raising

Flipkart raises $700 million in fresh funding.   Full Article 

Reforms Push

Reforms Push

Modi may order insurance, coal reforms if vote delayed - officials.  Full Article 

Reuters Exclusive

Reuters Exclusive

India looks to sway Americans with nuclear power insurance plan  Full Article 

To Boost Growth

To Boost Growth

Crank up public spending to revive growth - chief economic adviser.   Full Article 

Bold Steps

Bold Steps

SpiceJet rescue plan marks bold bet on Indian aviation recovery.   Full Article 

New Airline

New Airline

Tata, Singapore Air venture Vistara to take off on Jan 9.  Full Article 

Online Sales

Online Sales

Knock knock. Who's there? Amazon's best-selling holiday author.  Full Article 

Hacking Attack

Hacking Attack

N.Korea says did not hack Sony, wants joint probe with U.S.  Full Article 

Reuters Poll

Reuters Poll

BSE Sensex to hit 32,980 by December 2015  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage