"The bank has revised rate of interest on savings bank deposits with effect from October 10 to 3.50 percent from 4 percent existing rate," the bank said in a regulatory filing.
Technical Analyst Prakash Gaba of prakashgaba.com is of the view that crucial support for the Nifty is at 10028-9996 and the resistance is at 10138-10150. Bank Nifty on the other hand has support at 24800 and resistance at 25100.
Sudarshan Sukhani of s2analytics.com recommends buying Reliance Industries, ACC, Aurobindo Pharma and Equitas Holdings and advises selling Syndicate Bank.
Syndicate Bank posted a weak set of Q1 earnings. In an interview to CNBC-TV18, Melwyn Rego, MD & CEO of Syndicate Bank spoke about the results and his outlook for the company.
The provision coverage ratio as on June 30, 2017 stood at 54.80 per cent.
Jay Thakkar of Anand Rathi Securities recommends buying Havells India with a target of Rs 494 and Kaveri Seed Company with a target of Rs 707.
Mitessh Thakkar of mitesshthakkar.com is of the view that one may sell Granules India, Karnataka Bank and Syndicate Bank and buy IGL and Bharat Financial Inclusion.
HDFC | Yes Bank | Bharti Airtel | Axis Bank | National Fertilizers | Berger Paints | Suzlon Energy | Gail | Monnet Ispat | Cipla | Archid Ply | TD Power and Punjab National Bank are stocks, which are in news today.
Ashwani Gujral of ashwanigujral.com recommends buying Syndicate Bank, UltraTech Cement and Tata Chemicals.
Melwyn Rego, former chairman of the Bank of India, has been appointed as Managing Director and Chief Executive Officer of the Manipal-based Syndicate Bank.
Ashwani Gujral of ashwanigujral.com advises buying Syndicate Bank, Union Bank of India and Vijaya Bank.
Ashwani Gujral of ashwanigujral.com suggests buying Syndicate Bank, BHEL and Yes Bank.
Ashwani Gujral of ashwanigujral.com suggests selling Syndicate Bank and Engineers India and advises buying Engineers India.
Public sector player Syndicate Bank plans to raise Rs 3,500 crore via equity dilution including follow on public offer or rights issue.
Prakash Gaba of prakashgaba.com is of the view that one may avoid Motherson Sumi while Power Finance Corporation and Syndicate Bank look weak.
According to Prakash Gaba of prakashgaba.com, Nifty has support at 9350 and resistance at 9500 while Bank Nifty has support at 22400 and resistance at 22800.
Ashwani Gujral of ashwanigujral.com recommends buying GSFC, Jindal Steel & Power and Rural Electrification Corporation.
Ashwani Gujral of ashwanigujral.com recommends buying Indian Bank, Syndicate Bank and SREI Infrastructure Finance.
According to Satish Gupta of astrostocktips, banking stocks like Oriental Bank of Commerce, Canara Bank , Karnataka Bank, State Bank of India and Syndicate Bank will get astrological support.
Pankaj Jain of SW Capital advises buying Bank of Baroda with a target of Rs 205.
Banking stocks like Union Bank, Allahabad Bank, Andhra Bank, Syndicate Bank & UCO Bank will get astro support, says Satish Gupta of astrostocktips.
Ashwani Gujral of ashwanigujral.com suggests buying SREI Infra, Syndicate Bank and Bhushan Steel.
Vijay Chopra of enochventures.com recommends buying Punjab National Bank with a stoploss at Rs 165 and target of Rs 175 and SpiceJet with a stoploss at Rs 108 and target of Rs 116.
Ruchit Jain of Angel Broking advises buying Bharat Forge with a target of Rs 1195.
Ashwani Gujral of ashwanigujral.com recommends buying RBL Bank, Sundram Fasteners and Syndicate Bank.