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:
  • Most Popular
  • Most Shared

DEFENCE

REUTERS SHOWCASE

Power Theft

Power Theft

India to invest $4 billion to tackle power theft  Full Article 

Debt Funds

Debt Funds

India monitors foreign flows into debt funds, may tighten rules  Full Article 

Bulgari Back in India

Bulgari Back in India

CEO: we shouldn’t have left India so we’re back  Full Article 

 Hindu "Modi-fication"

Hindu "Modi-fication"

Fears grow about Hindu "Modi-fication" of education  Full Article 

Weak Credit

Weak Credit

Hard to hit tax revenue target, credit weak - Jaitley  Full Article 

China Rate Cut

China Rate Cut

China surprises with interest rate cut to spur growth  Full Article 

Gold Imports

Gold Imports

RBI cautious on response to gold import surge  Full Article 

Economic Corridor

Economic Corridor

China commits $45.6 billion for economic corridor with Pakistan  Full Article 

Overseas Funds

Overseas Funds

RBI says overseas borrowed funds can be parked with banks in India  Full Article 

Reuters India Mobile

Reuters India Mobile

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