Syndicate bank products for MSMEs

Senior executives of Syndicate Bank participated in a function in the city on Sunday to mark its 88th foundation day.

Published: 21st October 2013 08:13 AM  |   Last Updated: 21st October 2013 08:13 AM   |  A+A-

Senior executives of Syndicate Bank participated in a function in the city on Sunday to mark its 88th foundation day.

Bank CMD S K Jain said the bank was progressing well and had sound finances. Until September 30 this year, the bank registered transactions worth `3,46,000 crore and had 33 million customers. Jain also spoke of new initiatives the bank was taking to boost customer service, including introduction of new products.

To affirm its commitment to micro, small and medium enterprises (MSME), the bank had recently introduced five new products-SyndDoctor, SyndGranite, SyndTextile, SyndCashew, and SyndTransport. These are tailor-made schemes to meet credit requirements, Jain said. Apart from these, the bank had recently reduced interest rates on housing loans to a base rate of 10.25 per cent per annum and also lowered rates on vehicle loans.

Syndicate Bank has also taken up a slew of  corporate social responsibility schemes as part of its foundation day celebrations. These include installation of water purifiers at 92 schools in 27 districts. It arranged blood donation camps at 39 regional offices/branches all over India where 3,169 units of blood were collected from customers and bank employees.

Stay up to date on all the latest Bengaluru news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp