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Syndicate Personal Loan News - Feb 2021
- 2020-02-12 : Syndicate Bank reported a Q3 of Rs. 435 crores
Syndicate Bank Q3 profit soared to Rs. 434 crores for the current financial year. Total income grew to Rs. 6,316 crores driven partially by retails loans like Home Loan, Personal Loan and Busines Loan. Further, the gross bad loans came down to 11.33% for the quarter ending December. - 2019-08-28 : Syndicate Bank partners with Bajaj Allianz Life insurance
Syndicate bank gets in a partnership with Bajaj Allianz Life insurance to provide valuable solutions to its customers. Any syndicate bank customers could avail life insurance across all its branches. Further, the initiative to boost customer satisfaction could be an attempt to engage more customers in other syndicate bank products like personal loans. - 2019-02-27 : Syndicate Bank to offer shares to employees at discounted rates
Public sector lender, Syndicate Bank has proposed to launch the Employee Share Purchase Scheme (ESPS) in the first week of March at discounted rates this year. The discount will range from 23 to 25% based on the employee’s status in the hierarchy. The lender is also expecting to settle all its stressed loans to improve its performance and the quality of its banking services. In addition to this, the bank also has plans to achieve a significant growth across its retail loan including personal loans, gold loans and business loans. - 2019-02-05 : Syndicate Bank profit stands at Rs. 108 crores this year
Syndicate Bank has announced a net profit of Rs. 108 crore during the October-December quarter of the financial year 2018-19. The bank’s CASA (current and savings account) percentage for domestic deposits increased to 34.96% during the December quarter of FY19 from 33.49% during the September quarter. The credit portfolio of the bank has also reported an increase across its retail loans segment including small business loans, personal loans and gold loans. - 2018-10-11 : Syndicate Bank revises MCLR rates
Syndicate Bank has maintained its marginal cost based lending rate across all tenors except three-month maturity period, the rate has been revised to 8.50 percent from 8.40 percent. The revised rate is effective from October 10.
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