Udupi: The Syndicate Bank has bagged award for promoting Solar Energy Systems by advancing maximum loans for solar systems in 2006-07, according to a press release.
The USAID, WINROCK International India, and the Ministry of New and Renewable Energy, have jointly instituted the award to encourage bank managers in promoting solar energy system. Krishnananda Baliga, branch manager of Syndicate Bank, Mundugod, and K.R. Brahma, Branch Manger, Syndicate Bank, Sirsi, have got the first and second prizes, respectively. Vasudeva Rao, former Manager of Syndicate Bank, Kollur Branch, has got special award for releasing loans up to Rs. 50 lakh.