Syndicate Bank turnover is Rs. 2,694 cr. in two districts

Staff Correspondent

It includes deposits of Rs. 1,471 crore

The bank sells gold coins under ‘Synd Sona’ scheme

Synd Vidya, Synd Vidyarthi cater to education needs of students

MANGALORE: The regional office of Syndicate Bank covering Dakshina Kannada and Chikmagalur districts has achieved a turnover of Rs. 2,694 crore at the end of September 2007, according to K.U. Shanbhag, deputy general manager at the regional office here. “This comprises of Rs. 1,471 crore deposits and Rs. 1,223 crore advances,” he said. The bank is the lead bank for Dakshina Kannada district.

Mr. Shanbhag told presspersons here on Monday that the region had a good mix of 82 urban, semi-urban and rural branches and one extension counter ensuring good reach to customers. The Bank had introduced core banking solution in 45 of its 82 branches in the region. This would allow the customers to operate their accounts from any networking branch. “The bank has 16 ATMs in the region and five more ATMs will be opened shortly,” he said.

Customer care

Referring to pioneering efforts of the bank in providing customer service, Mr. Shanbhag said the “Pigmy Plus 2007”, a daily deposit scheme, inculcated the habit of thrift especially among small businessmen, retail traders and individuals. The bank had launched “Synd Sona” for selling gold coins to people. The bank, in order to focus on financial requirements of students, has extended its Synd Vidya and Synd Vidyarthi educational loans to all branches. The bank has introduced on-line loan schemes, including education loans. It has taken up campaigning through mobile van for opening bank accounts by individuals at their doorstep.

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