The news was revealed by the senior bank officials at the 18th MSME Customers' meet conducted by the bank last week in Bangalore. The meeting was attended by Nagaraja Rao I P, General Manager, MSME & RBD, Syndicate Bank (lead bank) and Prabhu M, additional director (MSME), among others. The meeting also highlighted other issues like different facilities, incentives and benefits available to the MSME sector by the central and state governments.
The bank currently has 160 MSME-designated branches all over India, of which 70 are in Karnataka. These branches focus primarily on the MSME sector.