presented by J.Ramalingam, MBA

MEANING OF BANKFinance 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

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.

Key people of syndicate bank

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.

HR department

Employees : 25,569During 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: Bank’s 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, Bank’s 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 ProductsSavings Bank AccountCurrent AccountSyndSamanya Savings Bank

AccountSpecial products in Syndicat-

ebankingPremium Savings AccountMulti-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:SyndSaralSyndSeniorSyndRentSyndVahanSyndSwarnaExpressSyndPigmySyndNivasSyndNivas PlusSyndVidyaSolar 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/-

Bank has launched a unique and attractive new productunder its brand name ‘SyndNavaratna’ which providessavings 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 providingexcellent Customer Service by state-of-the-art technology.

New product development

Branch NetworkBank 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 Country’s 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 Foundation’s 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.