Syndicate Bank has set an ambitious target to achieve Rs 3.5 lakh crore total business by March 2013.
Speaking at the bank’s 87th Founders Day celebration, M.G. Sanghvi, Chairman and Managing Director, Syndicate Bank, said so far the bank has achieved Rs 2.85 lakh crore of business.
“This target is achievable for us. We are in the process of rolling out 200 more branches and this will help us achieve it,” he added.
To mark the Founders Day, the bank introduced new products - Syndicate Bank International VISA Gold Debit Card, Syndicate Bank RuPay Kisan Card, SyndNavarathna - a savings account for salaried class and Online Donations Payment Towards the Prime Minister’s National Relief Fund.
M. Anjaneya Prasad, Executive Director of Syndicate Bank, said “The bank in association with National Payment Corporation of India (NPCI) will be issuing Syndicate Bank RuPay Kisan Card to farmers, who have availed Kisan credit card facility from the bank.”
“The card is enabled for ATM Cash withdrawal. The RuPay Kisan card will give further thrust to the financial inclusion initiatives by offering low-cost payment system,” he added.
The bank’s SyndNavaratna is a savings bank account targeted towards the salaried employees.
The product has nine features such as Zero Balance, Sweep-in–Sweep out facility, overdraft facility etc.
Uttam Nayak, Group Country Manager – India & South Asia, VISA, explained that the SynidcateBank VISA Gold Debit Card is bearing the name and photo of the cardholder.