Press Esc to close

SyndBank rolls out new products for MSME sector

Bangalore, October 20, 2013, DHNS: 22:14 IST
Syndicate Bank CMD Sudhir Kumar Jain. DH Photo
In a bid to reiterate its commitment to the MSME sector, public sector lender Syndicate Bank on Sunday launched five new products.

The products namely SyndDoctor, SyndGranite, SyndTextiles, SyndCashew and SyndTransport, are tailor-made schemes to meet the credit requirements of the cashew industry, transport operators and weavers among others.

The bank also celebrated its 88th Foundation Day on Sunday, and reduced interest rates on housing loans to base rate of 10.25 per cent p.a. (both existing and fresh loans) and also lowered interest rates on vehicle loans and consumer loans.

Talking to delegates on the ocassion, Syndicate Bank Chairman and Managing Director Sudhir Kumar Jain said, “Our banking finance is not confined only to providing finance for those who can offer the security of the traditional type but to help the common man who has any production enterprise... Going forward, Syndicate Bank intends to leverage the IT platform for better customer service.”

Go to Top

More from this section
Most trending stories
Photo Gallery
Indian cricket captain Virat Kohli with his actress wife Anushka Sharma during their wedding...

Indian cricket captain Virat Kohli with his actress wife Anushka Sharma during their wedding...

Former footballer of Argentina Diego Maradona with his wife after being felicitated at a programme..

Former footballer of Argentina Diego Maradona with his wife after being felicitated at a programme..

An Afghani lady cadet at practice session for small arms at Officers Training Academy (OTA)...

An Afghani lady cadet at practice session for small arms at Officers Training Academy (OTA)...

Congress party workers display signboards pasted with the pictures of Jawahar Lal Nehru...

Congress party workers display signboards pasted with the pictures of Jawahar Lal Nehru...

Artists making a 75 M-long live watercolor painting for a world record at Central Park...

Artists making a 75 M-long live watercolor painting for a world record at Central Park...

Patidar community leader Hardik Patel waves at supporters during a road show for the second phase...

Patidar community leader Hardik Patel waves at supporters during a road show for the second phase...

Activists of the All Assam Students Union (AASU) forming a human chain while staging a protest...

Activists of the All Assam Students Union (AASU) forming a human chain while staging a protest...

Congress Vice President Rahul Gandhi offering prayers at Shamlaji Temple in Aravali district...

Congress Vice President Rahul Gandhi offering prayers at Shamlaji Temple in Aravali district...

Russian Foreign Minster Sergei Lavrov calls on President Ram Nath Kovind at Rashtrapati Bhavan...

Russian Foreign Minster Sergei Lavrov calls on President Ram Nath Kovind at Rashtrapati Bhavan...

WWE wrestler Dalip Singh Rana or Great Khali calling on Madhya Pradesh Chief Minister Shivraj Singh.

WWE wrestler Dalip Singh Rana or Great Khali calling on Madhya Pradesh Chief Minister Shivraj Singh.

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523
Powered by Yodasoft Technologies Pvt. Ltd.