SyndBank launches new products for MSMEs | SupportBiz

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SyndBank launches new products for MSMEs

On the occasion of its 88th foundation day, Karnataka based public sector lender Syndicate Bank has launched five new products focused on the micro, small and medium enterprises (MSMEs) sector, reports PTI.

The products are, SyndDoctor, SyndGranite, SyndTextiles, SyndCashew, and SyndTransport. According to a bank official, the newly launched tailor made schemes will strive to meet the credit requirements of cashew industry, transport operators and weavers among others.

The bank initiated various Corporate Social Responsibility (CSR) activates too at its foundation day event, organized in Bangalore

Talking about the bank’s success, CMD S K Jain informed that, Syndicate Bank has clocked business worth Rs 3,46,000 crores with 33 million customers till September 30 of the current year. "Spread over 3047 branches, bank is having strong fundamentals and is showing consistent performance. Going forward bank intends to leverage the IT platform for better customer services," he added.

Stressing on the bank’s motto to excel in customer service, Jain said, “Our goal is to use the potential in each of the staff members to excel in their area.”