NEWS & ADVICE : FIXED DEPOSITS
Syndicate Bank plans to introduce e-term, gold deposits
By Neelima Shankar
May 31, 2013
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The Bangalore based public sector bank. Syndicate Bank is planning to introduce electronic term deposits and gold deposits in coming few days, as RBI as finalized the guidelines, said Mr. M Anjaneya Prasad, executive Director of Syndicate Bank.

Mr. Prasad said that the bank is also planning to open one more branch in the city at Naiduthota and it was planning to set up a regional office here.

He added that the bank was attaching a lot of importance to Visakhapatnam region and special steps would be taken to improve business here.

Syndicate bank was aiming at 25 per cent growth in business during the current financial year to reach Rs 4,19,000 crore, Mr. Prasad said.

"We will also strive to bring down the NPAs by 20 per cent during the current year," he added.

Special offers were announced for housing and vehicle loans by the bank. Processing and documentation charges would also be waived off.

For four-wheeler loans, there would be a concession of 0.50 per cent in the interest rate and credit cards would be given at no extra cost.


 


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