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Syndicatebank 140314104019-phpapp01

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Ramalingam Ajp
Ramalingam Ajp

Syndicate Bank was established in 1925 in Udupi, Karnataka by three visionaries with a capital of Rs.8000 to provide financial assistance to local weavers. It has grown to over 2900 branches across India and internationally. The bank offers various deposit accounts, loan products, and other services. It had over 25,000 employees as of 2013 and continues developing new products to better serve customers while receiving various awards for its initiatives and performance.

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presented by J.Ramalingam, MBA
MEANING OF BANK Finance is the life blood of trade, commerce and industry. Now-a-days, banking sector acts as the backbone of modern business. Development of any country mainly depends upon the banking system. The term bank is either derived from old Italian word banca or from a French word banque both mean a Bench or money exchange table.
DEFINITION OF BANK Oxford Dictionary defines a bank as "an establishment for custody of money, which it pays out on customer's order. IMPORTANCE OF BANK Banks are important because they are intermediaries. They allow people who can use extra money and want to borrow to find people with extra money to lend. The also provide transaction services allowing payments to be made by check or wire.
HISTORY OF SYNDICATE BANK Syndicate Bank was established in 1925 in Udupi, Karnataka with a capital of Rs.8000/- It was established by three visionaries Sri Upendra Ananth Pai, a businessman, Sri Vaman Kudva, an engineer and Dr.T M A Pai, a physician with an intention to provide financial support to the local weavers.
Their objective was primarily to extend financial assistance to the local weavers. The bank collected as low as 2 annas daily Pigmy Deposit Scheme started in 1928. This scheme is the Bank's brand equity today and the Bank collects around Rs. 2 crore per day under the scheme. Type : government owned corporation Syndicate Bank was nationalized by Government of India in 1967 Trade: BSE -532276 NSE- SYNDIBANK industry banking
Syndicatebank 140314104019-phpapp01
Key people of syndicate bank Shri Sudhir Kumar Jain has assumed charge as Chairman & Managing Director of Syndicate Bank on July 8, 2013. Sri M Anjaneya Prasad has been appointed as Executive Director of Syndicate Bank from 24.08.2011 Shri T K Srivastava has assumed charge as Executive Director of Syndicate Bank on 1st September 2013.
Shri H Pradeep Rao has been appointed as Government Nominee Director on the Board of our Bank by the Government of India w.e.f. 10/05/2010 until further orders. Sri M Rajeshwar Rao, Chief General Manager from RBI has been appointed as a Director of the Bank w.e.f. 31st May 2013.
Syndicatebank 140314104019-phpapp01
HR department
Employees : 25,569 During the financial year 2013-14, Bank is planning to recruit 1500 officers and 1400 clerks to strengthen the human resources and to facilitate customer service / marketing efforts. Shift timings 9am to 5pm
SYNDICATE BANK RECRUITMENT SOURCES
FINANCIAL DEPARTMENT
Capital & Reserves: Banks authorized share capital stood at `3000crore and the paid-up capital `601.95 crore (601949955 equity shares of `10 each) during the financial year ended at 31.03.2013.The Reserves and Surplus of the Bank increased from `8439.20 crore in 2011-12 to `9939.39 crore in 2012-13 registering a y-o-y growth of 17.78 perent over the previous year.
Net worth: Tangible Net Worth of the Bank (excluding revaluation reserves) improved significantly from `7994 crore as at March 31, 2012 to `9296 crore as at March 31, 2013. Business Growth: The global business of the Bank grew by 18.06 per cent from `283558 crore in 2011-12 to `334779 crore in 2012-13, whereas, Banks domestic business rose by 12.63 per cent from `258660 crore in 2011-12 to `291337 crorein 2012-13.
Total Income - Rs. 182950.451 Million ( year ending Mar 2013) Net Profit - Rs. 20044.218 Million ( year ending Mar 2013) Credit card revenue : 3524 billion Book value per share improved to `175.12 as at March 31, 2013 as against `150.13 as at March 31, 2012. The Earning per share (EPS) of the Bank improved from22.89 as at March 31, 2012 to `33.30 as at March31, 2013.
Marketing department
Products & services of syndicate bank 1) ASBA:Syndicate Bank introduced a new hassle free solution for investment in Public Issues and Rights Issue called Application Supported by Blocked Amount (Synd ASBA) as per the SEBI guidelines. This facility is also available for rights issue and new fund offers (NFO) of mutual funds. 2) Deposits
Operative Deposit Products Savings Bank Account Current Account SyndSamanya Savings Bank Account Special products in Syndicat-ebanking Premium Savings Account Multi-City Current Account (3 variants) Multi-City SB Account
Term Deposit Products Fixed Deposit SyndTaxShield Deposit Vikas Cash Certificate Syndicate Suvidha Deposit Social Security Deposit Senior Citizens Security Deposit Recurring Deposit Pigmy 1928 Deposit Pigmy Plus 2007 Deposit Synd Corporate Suvidha Deposit Scheme
3) Loans: Retail Loan Products: SyndSaral SyndSenior SyndRent SyndVahan SyndSwarnaExpress SyndPigmy SyndNivas SyndNivas Plus SyndVidya Solar Water Heating Systems
4) Other priority loans: Solar water heating system Scheme for Financing Rural Tourism Synd Solar Jyothi Scheme 5)Bancassurance: Life insurance Non- life insurance
Rate of interest on loans Amount and tenor Rate of inetrest Irrespective of quantum of Loan Up to 30 years Base Rate (presently 10.25%)
Housing loans: Loan amount Revised processing and documentation charges Up to Rs 25.00 lakh 0.25% of limit with Min Rs 2500 Above 25 lakh to Rs 75.00 lakh 0.25% of limit with Max Rs 6500 Above Rs 75.00 lakh Rs 10,000(Flat) Personal loans: Senior citizen loan scheme BR + 3.75% Up to Rs 50,000-Nill> 50,000-Flat Rs 200 per loan Personal loan scheme BR + 4.75% 0.50% of loan amount with a minimum of Rs 500/- Educational Loans: Up to Rs lacs Above Rs 4.00 lacs Charges - NIL BR + 2.25% BR + 2.75%
Vechicle Loan: Processing charges Two-wheeler Up to Rs 25,000 Rs 100 Above Rs 25,000 up to Rs 2.00 lakhs Rs 2.50 per 1000 (or) part thereof-Min Rs 250/- Above Rs 2.00 lakhs Rs 400 per lakh Four-wheeler Above Rs 25,000 up to Rs 2.00 lakhs Rs 2.50 per 1000 (or) part thereof-Min Rs 250/- Above Rs 2.00 lakhs Rs 400 per lakh Documentation charges Vehicle loan Up to Rs 2.00 lakhs NIL Above Rs 2.00 lakhs Rs 200 per lakh Max Rs 2500/-
New product development Bank has launched a unique and attractive new product under its brand name SyndNavaratna which provides savings bank account with multiple benefits to customersviz. zero balance facility, cheque book facility at all branches at par, funds transfer facility through RTGS/NEFTup to `1.00 lakh, internet and mobile banking facilities, free instant global debit card, SMS banking facility, etc. Your Bank is committed and focused towards providing excellent Customer Service by state-of-the-art technology.
Branch Network Bank has opened 215 branches during the year 2012-13 Total number of branches to 2934 including a branch in London, UK. The domestic branch network consisted of 903 rural branches, 788 semi-urban branches, 629 urban branches, 567 metro branches and 46 port town branches.
Bank has 1306 ATMs as on 31.03.2013. spread across 729 Centres throughout the country. Bank has Global Debit-cum-ATM cards through VISA and Master Card Payment Gateways with a Card-base of over 55.55 Lakhs.
Award & Recognitions Bank has received good number of awards during the year and some of these are as follows: a) Our Manipal and Kumta RSETIs(Rural Self Employment Training Institutes) have been adjudged as the Countrys Best and Second Best RSETIs as on 31.03.2012. Hon'ble Minister for Rural Development, Govt of India, Shri Jairam Ramesh presented the awards during the first National Meet of RSETI stake holders held at Vigyan Bhavan, New Delhi on 28.07.2012.
b) The Bank has been conferred Best Banker award by Sunday Standard amongst large category banks based on field level survey of implementation of financial inclusion. c) Gold Award has been conferred on our Bank at SKOCH Foundations Digital Inclusion Awards 2012, for Business Continuity Plan (BCP) and IT Disaster Recovery (DR) Project. d) The Bank was also awarded Certificate of Merit and trophy for the meritorious performance under Financial Inclusion during 2012 by M/s Skoch Group at New Delhi on 05.01.2013.
Syndicatebank 140314104019-phpapp01
Syndicatebank 140314104019-phpapp01
Syndicatebank 140314104019-phpapp01
Syndicatebank 140314104019-phpapp01

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Syndicatebank 140314104019-phpapp01

  • 2. MEANING OF BANK Finance is the life blood of trade, commerce and industry. Now-a-days, banking sector acts as the backbone of modern business. Development of any country mainly depends upon the banking system. The term bank is either derived from old Italian word banca or from a French word banque both mean a Bench or money exchange table.
  • 3. DEFINITION OF BANK Oxford Dictionary defines a bank as "an establishment for custody of money, which it pays out on customer's order. IMPORTANCE OF BANK Banks are important because they are intermediaries. They allow people who can use extra money and want to borrow to find people with extra money to lend. The also provide transaction services allowing payments to be made by check or wire.
  • 4. HISTORY OF SYNDICATE BANK Syndicate Bank was established in 1925 in Udupi, Karnataka with a capital of Rs.8000/- It was established by three visionaries Sri Upendra Ananth Pai, a businessman, Sri Vaman Kudva, an engineer and Dr.T M A Pai, a physician with an intention to provide financial support to the local weavers.
  • 5. Their objective was primarily to extend financial assistance to the local weavers. The bank collected as low as 2 annas daily Pigmy Deposit Scheme started in 1928. This scheme is the Bank's brand equity today and the Bank collects around Rs. 2 crore per day under the scheme. Type : government owned corporation Syndicate Bank was nationalized by Government of India in 1967 Trade: BSE -532276 NSE- SYNDIBANK industry banking
  • 7. Key people of syndicate bank Shri Sudhir Kumar Jain has assumed charge as Chairman & Managing Director of Syndicate Bank on July 8, 2013. Sri M Anjaneya Prasad has been appointed as Executive Director of Syndicate Bank from 24.08.2011 Shri T K Srivastava has assumed charge as Executive Director of Syndicate Bank on 1st September 2013.
  • 8. Shri H Pradeep Rao has been appointed as Government Nominee Director on the Board of our Bank by the Government of India w.e.f. 10/05/2010 until further orders. Sri M Rajeshwar Rao, Chief General Manager from RBI has been appointed as a Director of the Bank w.e.f. 31st May 2013.
  • 11. Employees : 25,569 During the financial year 2013-14, Bank is planning to recruit 1500 officers and 1400 clerks to strengthen the human resources and to facilitate customer service / marketing efforts. Shift timings 9am to 5pm
  • 14. Capital & Reserves: Banks authorized share capital stood at `3000crore and the paid-up capital `601.95 crore (601949955 equity shares of `10 each) during the financial year ended at 31.03.2013.The Reserves and Surplus of the Bank increased from `8439.20 crore in 2011-12 to `9939.39 crore in 2012-13 registering a y-o-y growth of 17.78 perent over the previous year.
  • 15. Net worth: Tangible Net Worth of the Bank (excluding revaluation reserves) improved significantly from `7994 crore as at March 31, 2012 to `9296 crore as at March 31, 2013. Business Growth: The global business of the Bank grew by 18.06 per cent from `283558 crore in 2011-12 to `334779 crore in 2012-13, whereas, Banks domestic business rose by 12.63 per cent from `258660 crore in 2011-12 to `291337 crorein 2012-13.
  • 16. Total Income - Rs. 182950.451 Million ( year ending Mar 2013) Net Profit - Rs. 20044.218 Million ( year ending Mar 2013) Credit card revenue : 3524 billion Book value per share improved to `175.12 as at March 31, 2013 as against `150.13 as at March 31, 2012. The Earning per share (EPS) of the Bank improved from22.89 as at March 31, 2012 to `33.30 as at March31, 2013.
  • 18. Products & services of syndicate bank 1) ASBA:Syndicate Bank introduced a new hassle free solution for investment in Public Issues and Rights Issue called Application Supported by Blocked Amount (Synd ASBA) as per the SEBI guidelines. This facility is also available for rights issue and new fund offers (NFO) of mutual funds. 2) Deposits
  • 19. Operative Deposit Products Savings Bank Account Current Account SyndSamanya Savings Bank Account Special products in Syndicat-ebanking Premium Savings Account Multi-City Current Account (3 variants) Multi-City SB Account
  • 20. Term Deposit Products Fixed Deposit SyndTaxShield Deposit Vikas Cash Certificate Syndicate Suvidha Deposit Social Security Deposit Senior Citizens Security Deposit Recurring Deposit Pigmy 1928 Deposit Pigmy Plus 2007 Deposit Synd Corporate Suvidha Deposit Scheme
  • 21. 3) Loans: Retail Loan Products: SyndSaral SyndSenior SyndRent SyndVahan SyndSwarnaExpress SyndPigmy SyndNivas SyndNivas Plus SyndVidya Solar Water Heating Systems
  • 22. 4) Other priority loans: Solar water heating system Scheme for Financing Rural Tourism Synd Solar Jyothi Scheme 5)Bancassurance: Life insurance Non- life insurance
  • 23. Rate of interest on loans Amount and tenor Rate of inetrest Irrespective of quantum of Loan Up to 30 years Base Rate (presently 10.25%)
  • 24. Housing loans: Loan amount Revised processing and documentation charges Up to Rs 25.00 lakh 0.25% of limit with Min Rs 2500 Above 25 lakh to Rs 75.00 lakh 0.25% of limit with Max Rs 6500 Above Rs 75.00 lakh Rs 10,000(Flat) Personal loans: Senior citizen loan scheme BR + 3.75% Up to Rs 50,000-Nill> 50,000-Flat Rs 200 per loan Personal loan scheme BR + 4.75% 0.50% of loan amount with a minimum of Rs 500/- Educational Loans: Up to Rs lacs Above Rs 4.00 lacs Charges - NIL BR + 2.25% BR + 2.75%
  • 25. Vechicle Loan: Processing charges Two-wheeler Up to Rs 25,000 Rs 100 Above Rs 25,000 up to Rs 2.00 lakhs Rs 2.50 per 1000 (or) part thereof-Min Rs 250/- Above Rs 2.00 lakhs Rs 400 per lakh Four-wheeler Above Rs 25,000 up to Rs 2.00 lakhs Rs 2.50 per 1000 (or) part thereof-Min Rs 250/- Above Rs 2.00 lakhs Rs 400 per lakh Documentation charges Vehicle loan Up to Rs 2.00 lakhs NIL Above Rs 2.00 lakhs Rs 200 per lakh Max Rs 2500/-
  • 26. New product development Bank has launched a unique and attractive new product under its brand name SyndNavaratna which provides savings bank account with multiple benefits to customersviz. zero balance facility, cheque book facility at all branches at par, funds transfer facility through RTGS/NEFTup to `1.00 lakh, internet and mobile banking facilities, free instant global debit card, SMS banking facility, etc. Your Bank is committed and focused towards providing excellent Customer Service by state-of-the-art technology.
  • 27. Branch Network Bank has opened 215 branches during the year 2012-13 Total number of branches to 2934 including a branch in London, UK. The domestic branch network consisted of 903 rural branches, 788 semi-urban branches, 629 urban branches, 567 metro branches and 46 port town branches.
  • 28. Bank has 1306 ATMs as on 31.03.2013. spread across 729 Centres throughout the country. Bank has Global Debit-cum-ATM cards through VISA and Master Card Payment Gateways with a Card-base of over 55.55 Lakhs.
  • 29. Award & Recognitions Bank has received good number of awards during the year and some of these are as follows: a) Our Manipal and Kumta RSETIs(Rural Self Employment Training Institutes) have been adjudged as the Countrys Best and Second Best RSETIs as on 31.03.2012. Hon'ble Minister for Rural Development, Govt of India, Shri Jairam Ramesh presented the awards during the first National Meet of RSETI stake holders held at Vigyan Bhavan, New Delhi on 28.07.2012.
  • 30. b) The Bank has been conferred Best Banker award by Sunday Standard amongst large category banks based on field level survey of implementation of financial inclusion. c) Gold Award has been conferred on our Bank at SKOCH Foundations Digital Inclusion Awards 2012, for Business Continuity Plan (BCP) and IT Disaster Recovery (DR) Project. d) The Bank was also awarded Certificate of Merit and trophy for the meritorious performance under Financial Inclusion during 2012 by M/s Skoch Group at New Delhi on 05.01.2013.