Syndicate Bank hits 9-yr low after posting its biggest loss
Syndicate Bank shares fell as much as 12.35% to a 9-year low on Wednesday after the bank posted its biggest quarterly loss of â¹2,195.12 crore for March quarter. The bank had reported a profit of â¹103.84 crore in corresponding quarter last year. The bank's gross bad loans rose to â¹3,544.68 crore compared to â¹1,192.54 crore in same quarter last fiscal.