Syndicate Bank is looking to raise Rs 3,500 crore of capital in FY18. The bank is planning to raise it in a couple of tranches.
In an interview to CNBC-TV18, SS Mallikarjuna Rao, ED of Syndicate Bank spoke about the capital raising plan.
We are envisaging credit growth of 8-10 percent for the current financial year, said Rao.
Planning for a qualified institutional placement (QIP) by end of Q2 of FY18, he added.
Watch accompanying video for more details.
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