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Saturday, November 24, 2007

Syndicate Bank launches on-line facility

Panaji: The Syndicate Bank has introduced its on-line facility for its loan schemes for the benefit of customers, the assistant general manager, Mr JS Shenoy, informed.

Speaking to the media persons this morning, Mr Shenoy said this facility would enable customers to seek credit facilities just by clicking and added within 2-3 weeks time the application would be processed for availing loans without any problem.

He said this unique and novel facility has evoked good response from its clientele and the customers can log on to for quick and immediate response.

He said facility offered to its customers to win over them and to build a rapport with the future customers and in this way the is trying to address the grievances of the IT-savvy customers through this facility, he informed.

He also informed that even the bank customers can book railway tickets and in the near future they would be extending the facility for deposit.

He said Synd Sona selling gold coins to the members of public during Ganesh and Deepawali festivals had tremendous response and had sold nearly 200 kg of gold by way of gold coins embossed with deities and added these gold coins were directly imported from Switzerland.

The bank has also extended its services to the students by way of Synd Vidya and Synd Vidyarthi schemes. Through this facility a student can withdraw money upto Rs 10,000 during emergency, which would be re-imbursed from their parents.

He informed that the bank has plans to go in for follow-on public issue to shore up its equity capital base. In this endeavour, the bank has already obtained necessary approval from the board and shareholders of the bank and added that further process will be initiated once necessary clearance from the government and various regulatory authorities are received.

Meanwhile, the bank branch at Betim was shifted to new spacious premises at Souza Complex, main road, Betim and commenced the e-banking facility since November 15.

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