Syndicate Bank Adds Fresh NPAs Of Rs 12,200 Crore In FY16

New Delhi: Syndicate Bank's fresh bad loans rose more than two-fold to Rs 12,200 crore in 2015-16 ballooning the size of its gross non-performing assets to Rs 13,800 crore at the end of the financial year. The state-run lender had witnessed fresh bad loans of Rs 5,499 crore in 2014-15, as per a presentation made at the analysts meet on Thursday. Updating about the NPA movement for fiscal ended March, Syndicate Bank said its gross N...