MD & CEO of Syndicate Bank has hinted about shifting of current corporate office of the Bank to one location in Bangalore.
Syndicate Bank is Currently distributed across the city and in Bengaluru and in Manipal, its original headquarter.. He said during interview with TOI here.
He also hinted that the bank will raise Rs 300-350 crore capital by issuing shares to employees at a 25% discount to market price under a proposed employee stock purchase Plan (ESPP). The bulk of the shares will be available to all employees, a portion of the issue will be part of a differentiated sale. Read the story here