Financial Daily from THE HINDU group of publications
Tuesday, Dec 03, 2002
Financial Daily from THE HINDU group of publications Tuesday, Dec 03, 2002 |
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Money & Banking
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New Products & Services Syndicate Bank plans new `Pygmy Plus' Our Bureau
MANGALORE, Dec. 2 SYNDICATE Bank is planning to launch a new scheme called `Pygmy Plus'. This new `pygmy' scheme would enable depositors to avail of loans at any time, according to the General Manager of Syndicate Bank (Udupi Zone), Mr M.S. Bhandarkar. Speaking at a mid-term review conference of branch managers conducted at the regional office of Syndicate Bank here, Mr Bhandarkar has emphasised the need for faster growth by mobilising low-cost deposits. Mr Bhandarkar is also said to have stressed the need for all the branches of the bank to grow at the rate of 20 per cent on all fronts, according to a release from the bank. As part of the review conference, the Regional Manager (Mangalore Region), Mr M.M. Mallya, reviewed the performance of the branches for the second half of the year 2002-2003 and is said to have advised managers to increase credit under the priority sector.
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