Syndicate Bank is planning to raise up to Rs 1700 crore through an issue of shares. The bank will seek approval for capital issue not exceeding Rs 1700 crore by way of a QIP, rights issue, follow-on public issue or any other mode approved by the government/RBI as may be decided by the board, it said in an AGM notice. The funds would be raised to the extent government holding does not fall below 51% of the total capital base, it said.
