The stock crashed 12.30 per cent to end at Rs 43.85 on BSE. Intra-day, it slumped 12.8 per cent to Rs 43.60 -- its 52-week low.
Shares of Bank of India rose by 4.92 per cent, Syndicate Bank 4.52 per cent and Bank of Baroda 4.33 per cent.
Shares of Union Bank of India dropped 7.19%; Bank of Maharashtra - 6.79%, Syndicate Bank - 6.45%, Allahabad Bank - 6.30% and Bank of Baroda - 5.48% on BSE.
Syndicate Bank reported a net loss of Rs 869.77 crore for the December quarter of the current fiscal on higher provisioning for bad loans.
Shares of Punjab National Bank tanked 7.07 per cent, Syndicate Bank 6.92 per cent and Bank of Baroda 6.09 per cent.
Syndicate Bank will raise up to Rs 1,150.80 crore through QIP, and has set the issue price at Rs 84.15 per share.
Syndicate Bank Ltd has launched a share sale to institutional investors, seeking to raise up to 12 billion rupees ($186.4 million) to help boost its capital ratio.
Public sector lender Syndicate Bank slashed the marginal cost based lending rate (MCLR) by 0.05 per cent for select maturities.
SK Jain received over Rs 1.25 cr in 2014 from a middleman for clearing the external commercial borrowings proposals of USD 20 mn of Prakash Ind, CBI has alleged.
Shares of Syndicate Bank jumped over 14 per cent after the lender reported 27.68 per cent jump in the July-September quarter profit.
Bags EPC packages of Purvanchal Expressway in Uttar pradesh of Rs 1738 Cr
Approved buyback of 29 Lk shares amounting Rs 200.2 Cr
Tamil Nadu Pollution Control Board ordered disconnection of electricity
Disconnection is applicable for copper smelter unit-I at Thoothukudi district
Order requires closure of unit with immediate effect
Thoothukudi copper smelter unit has not been operating since Mar 27
Launched Silver Options, Total Traded Contract Value at Rs 34.36 Cr
Option Positions are physically settled & are European Style Options
Enters into merger talks with NSE For Universal Exchange Framework: Business Standard Reports
R Damani sells 0.8% Stake at Rs 1360.2/Sh
Deal Value at Rs 643 Cr