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Syndicate Bank gets revision in credit ratings from CARE

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Syndicate Bank announced that CARE Ratings has revised the rating outlook of Tier II / Perpetual Basel III Tier II/ Basel III Additional Tier I Bonds to rating under credit watch with developing implications in view of the Ministry of Finance's announcement regarding the proposed amalgamation of Syndicate Bank with Canara Bank.

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First Published: Sep 16 2019 | 2:03 PM IST

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