SYNDIBANK

Syndicate Bank has informed the Exchange that the payment date of interim dividend for the year 2005-06 is February 16, 2006.

Syndicate Bank has informed the Exchange that the Board of Directors in their meeting held on January 18, 2006, have declared an Interim Dividend of 15% for the year 2005-06. The Bank has fixed February 03, 2006 as the record date for the purpose of payment of interim dividend.

Syndicate Bank has informed the Exchange regarding Private Placement of 5000 Unsecured Redeemable, Non-convertible Taxable Bonds of face value of Rs.10 lakhs each aggregating to Rs.500 crores(including greenshoe option of Rs.200 crores)- Series IX. The above referred issue was opened for subscription on December 06, 2005. The issue was fully subscribed and stands closed on December 07, 2005.

Syndicate Bank has informed the Exchange that the Company has received 'in principle approval' from Government of India to set up a Subsidiary for Business Process Outsourcing (BPO). This approval is subject to the following: (1) BPO services initially to be limited to financial institutions and clients of Syndicate Bank. (2) The Bank will utilize its 'surplus manpower, premises and resources' only to set up and run the proposed BPO.

Syndicate Bank has informed the Exchange that the auditor's have conducted the limited review of the Financial Results of the Bank for the period ended September 30, 2005 and the details of the same shall be available on the NSE website (http://www.nseindia.com) under Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Syndicate Bank has submitted to the exchange the highlights of the performance of the bank for the second quarter ended September 30, 2005. The highlights of the performance of the bank shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Syndicate Bank has informed the Exchange that the Bank has established an Apex Training Institution for honing skills in Banking and Management for the Bank's Executives and Senior Personnel. It was set up in November 1997. With the aim of making the SIBM a Centre for excellence of global standard and to provide quality management education, the BODs has decided to call for expression of interest from reputed Management and Information Technology Institutions to associate with the Bank to conduct short-term courses in various fields like Marketing, Human Resources Management, Communication, Fi

Syndicate Bank has informed the Exchange that the BODs of the Bank at their meeting held on October 27, 2005 has taken a decision to raise subordinate debt of Rs.300 crores with a green shoe option of Rs.200 crores (Total Rs.500 crores) under Tier II bonds.

Syndicate Bank has informed the Exchange that the Price Band for the Follow on Public Offering of the Bank was fixed at Rs.46/- to Rs.50/-. The issue closed for Subscription on July 13, 2005. In the Book Building Issue, the Book was built at Rs.50/- and received 99.81% of the total Bids. In consultation with all the Book Running Lead Managers, the Bank has decided to fix the Issue Price at Rs.50/- per share.

SBI Capital Markets Limited has informed the Exchange that with reference to the Public Issue of 50,000,000 Equity Shares of Rs.10 each for cash through the book-building route by Syndicate Bank, which is opening on July 07, 2005, the price band has been decided at Rs.46/- to Rs.50/- per share of face value of Rs.10/- each, Rs.46/- being the floor price and Rs.50/- being the cap price. Accordingly, bid lot has been decided at 125 equity share and in multiples of 125 equity shares thereafter.

Syndicate Bank has submitted to the Exchange a copy of the proceedings of the AGM of the shareholders of the Bank held on June 18, 2005. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Syndicate Bank has informed the Exchange that the Bank is coming out with an Follow-on public offering of 50,000,000 equity shares of the face value Rs.10 each. Out of the issue, the Bank will be offering 50,000,000 equity shares by way of book building route under the existing SEBI Guidelines and the book will open on July 07, 2005. The Bank has further informed that they have appointed SBI Capital Markets Limited, Enam Financial Consultants Pvt. Ltd., JM Morgan Stanley Pvt. Ltd. and SSKI Corporate Finance Pvt. Ltd. as the book running Lead Managers and JM Morgan Stanley Retail Services Pvt.

Syndicate Bank has informed the Exchange that the AGM of the shareholder members of the bank is scheduled to be held on June 18,2005 to transact the following business: "To discuss the balance sheet of the bank as at March 31,2005, Profit and Loss Account of the bank for the year ended March 31,2005,the Report of the BODs on the working and activities of the bank for the period covered by the accounts and the auditors' report on the balance sheet and accounts.The details of the notice of AGM shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcement

Syndicate Bank has informed the Exchange that the payment date of final dividend (i.e. 14%) for the year 2004-05 is June 07, 2005.

Syndicate Bank has informed the Exchange that the Board of Directors has declared a Final Dividend of 14% in addition to an interim dividend of 6% for the year 2004-05. The Company has further informed that the dividend will be paid to all the shareholders whose names appear on the Register of members as on May 24, 2005.

Syndicate Bank has informed the Exchange that the Register of Members and Share Transfer Books of the Bank will be closed from May 25, 2005 to May 27, 2005 (both days inclusive) for the purpose of payment of 14% of Final Dividend for the year 2004-05 declared by the BOD's of the Bank at their meeting held on May 09, 2005.

Syndicate Bank has informed the Exchange that the auditor's have conducted the limited review for the un-audited financial results for the nine months ended December 31, 2004 and the details of the same are available on the NSE website (http://www.nseindia.com) under Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Syndicate Bank has informed the Exchange that the Bank have received necessary approval from Government of India and Reserve Bank of India for the 6% Interim Dividend recommended by the Bank for the year 2004-05. The Bank has further informed that the payment date of interim dividend for the year 2004-05 is March 31, 2005.

Syndicate Bank has informed the Exchange that Board of Directors of the Bank at their meeting held on February 14,2005 has recommended 6% Interim Dividend for the year 2004-05,subject to the approval of Reserve Bank of India and Government of India.Further the BODs has fixed March 03,2005 as record date for determining the shareholders / beneficiary owners entitled to receive the interim dividend for the year 2004-05 recommended by the Bank and subject to the approval of Reserve Bank of India and Government of India.

Syndicate Bank has informed the Exchange that Sri N Kantha Kumar, hitherto Executive Director of Canara Bank has assumed charge as Chairman and Managing Director of Syndicate Bank on January 19,2005.

Syndicate Bank has informed the Exchange that necessary approvals from the central government have been received by the bank for its second public issue of Rs.50 crores comprising of five crore equity shares of Rs.10/- each at an appropriate premium.

Syndicate Bank has informed the Exchange that the BOD of the Bank have taken a decision to raise subordinate debt of Rs.100 crores qualifying for Tier II capital through private placement.

Syndicate Bank has informed the Exchange that the Bank has launched a product 'SyndSuper Premium Savings Bank Account' with the facilities like personal accident insurance cover, Any Branch Banking facility with Multicity cheques, free remittance facility, sweep-in and sweep-out facility to get better interest rate. Credit cards are also issued free of cost at entry level and has special features of priority allotment of lockers as well as recognition of customer on special occasions. The above product is aimed at giving additional facilities to those customers who are maintaining high average

Syndicate Bank has informed the Exchange regarding a News item "Syndicate Bank on Take Over Mode" which had appeared in the Financial Express dated September 27, 2004. The bank has denied the contents therein. Further, the Bank has clarified that they are yet to decide and take a view in the matter of merger / acquisition and therefore it is too premature to comment upon.