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BRIEF HISTORY
The progress of Syndicate Bank has been synonymous with the phase of progressive
banking in India. Spanning over 80 years of pioneering expertise, the Bank has created
for itself a solid customer base comprising customers of two or three generations. Being
firmly rooted in rural India and understanding the grassroot realities, the Bank's
perception had vision of future India. It has been propagating innovations in Banking and
also has been receptive to new ideas, without however getting uprooted from its
distinctive socio-economic and cultural ethos. Its philosophy of growth by mutual
sustenance of both the Bank and the people has paid rich dividends. The Bank has been
operating as a catalyst of development across the country with particular reference to
the common man at the individual level and in rural/semi urban centres at the area level.
The Bank is well equipped to meet the challenges of the 21st century in the areas of
information technology, knowledge and competition. A comprehensive IT plan is being
put in place and the skills and knowledge of the Bank's personnel are being upgraded
through a variety of training programmes to promote customer delight in every sphere of
its activity. The Bank has launched an ambitious technology plan called Centralised
Banking Solution (CBS) whereby 500 of our strategic branches with their ATMs are being
networked nationwide over a 4 year period.
The following information is available for viewing regarding credit assistance provided by
the Bank to specified minorities
TECHNOLOGY INITIATIVES
Disclaimer: The contents of this website are purely for information dissemination.It does
not constitute any solicitation of business.
The global recovery is proceeding better than expected, but in varying degrees
in different economies. As per IMF's projection, Global GDP, which declined by
(- 0.6%) in 2009, is estimated to grow at 4.2% this year and at 4.3% in 2011.
The overall growth in India's GDP for 2009-10 is estimated to be in the range of
7.2 to 7.5%, up from 6.7% recorded in 2008-09 as per the advance estimates
of Central Statistical Organization (CSO). The recovery could have been better
but for lower agricultural output on account of deficit rainfall in many parts of
the country. The slowdown in economic activity resulted in lower demand for
bank credit. Another impact of the slow down was stress in the quality of
credit due to which the banking sector witnessed rising levels of delinquencies
and restructured assets.
Overall, the economic outlook for the country looks promising and while there
may be concerns around the slow pace of global recovery and inflation at home,
there is unanimity in the view that we are poised to grow at a faster pace.
5. Book value per share improved to Rs.107.80 from Rs.95.98 last year.
The Board of Directors have proposed a dividend of 30% for the year ended
31st March 2010.
The Bank proposes to bring all the 5 sponsored RRBs with 1328 branches under
CBS, which shall bring in uniformity in the functioning and ease of operations.
In its 85th year of operations, the Bank opened 85 new branches and Extension
Counters, a good number of them in Tier 3 to Tier 6 centres and under-banked
districts. The Bank also opened 2 new Regional Offices i.e. at Guwahati
(Assam) and Moradabad (UP) for better control and monitoring The total
network of the branches stood at 2308 branches including one branch at
London. All the domestic branches are networked under CBS.
The Bank has built competencies in other areas as well by offering a range of
products and services and by taking lead in Priority Sector Advances.
Your Bank has chosen Financial Inclusion as a thrust area and has adopted
Technology based Business Correspondent Model of branchless banking to
achieve the objective. The Bank has already submitted a plan to RBI to cover
1620 villages under Financial Inclusion by March 2012.
The H R Philosophy of the Bank revolves around recognition and enhancing the
inherent human potential in every employee through training, updating
knowledge and sharpening of skills to meet the ever changing and dynamic job
requirements. Combining business goals without compromising on ethics and
transparency will be the priority in the coming years.
Shri Basant Seth has been appointed as Chairman and Managing Director of Syndicate Bank by the
Government of India. He has assumed charge as Chairman and Managing Director of Syndicate Bank on
31st August ,2009.Click for more Details.
Syndicate Bank
Banking
Industry
Financial services
Website Syndicatebank.in/
Contents
[hide]
• 1 Business
• 2 Mergers
• 3 Regional rural banks
• 4 In the news
• 5 See also
• 6 External links
[edit] Business
The business started with a capital of Rs. 8000. The first branch of the bank started its
operations in the year 1928 at Brahmavar in Dakshin Kannada District. By 1937, it had
secured its membership as a clearing house at Mumbai. The primary objective of the business
was to extend the financial assistance to local weavers. Initially, the bank collected as low as
two annas from the door steps of the depositors daily through its agents. This type of system
wherein the agents of the bank come doorsteps to collect deposit is still prevailing in India
and is referred to as the Pigmy Deposit Scheme.
[edit] Mergers
As time progressed, twenty banks merged with the Canara Industrial and Banking Syndicate
Limited including the Maharastra Apex Bank Limited and Southern India Apex Bank
Limited. The name of the bank was changed to Syndicate Bank Limited in the year 1964
and the head office of the bank was shifted to Manipal. The bank expanded its operations not
only on the domestic front but also overseas. It has a branch in London and the bank manages
National Exchange Co. in Doha and Musandam Exchange Co. in Muscat. By 1978, it opened
its 1000th branch at Hauz Khas, Delhi. Currently it has over 40125 branches out of which
1523 are offering corebanking-e-banking services under anywhere-anytime-anyhow banking.
Syndicate Bank India, established in 1925 in Udupi in Karnataka plays a vital role in providing financial
assistance in the rural and semi urban areas as well as to the individuals.
The first scheme of the bank was the Pigmy Deposit Scheme which at present is the Bank's
brand equity. In 1962, the Syndicate Bank India opened an all women branch in Bangalore.
Activities:
• Deposits- Synd 400 Plus & Synd 500 Plus, Synd-Super Premium Savings Bank Account,
SyndSamanya Savings Bank Account, SyndTaxShield Deposit, Vikas Cash Certificate, Syndicate
Suvidha Deposit, Pigmy 1928 Deposit, Pigmy Plus 2007 Deposit, Synd Corporate Suvidha Deposit
Scheme
• Personal Loans- SyndSaral, SyndSenior, SyndRent, SyndVahan, SyndSuvidha, SyndVyapar,
SyndSwarna, SyndPigmy, SyndLaghuUdhyami, SyndKisan, SyndNivas, SyndNivas Plus, SyndVidya,
SyndVidyarthi, SyndPravasi, SyndMahila, SyndMortgage, SyndiUdyog
• Agricultural Loans - Synd Jai Kisan Loan Scheme, Jewel Loan Scheme for Agriculture, Syndicate
Farm House Scheme, Farm Mechanisation Schemes, Finance for Hi-tech Agriculture, Development of
Irrigation Infrastructure, Syndicate 2/3/4 Wheelers Scheme, Animal Husbandry Scheme, Rural
Employment Generation Programme, Syndicate Kisan Credit Card, Solar Water Heating Systems
• Priority Sector Loans - Scheme for Financing Rural Tourism, Synd Swarojgar Credit Card Scheme,
Syndicate Kisan Samrudhi Credit Card Scheme, Syndicate General Credit Card Scheme, Synd Solar
Jyothi Scheme, Grameen Bhandaran Yojana
Other value added services offered by the Syndicate Bank In India are the Cash Management Services, Gift
Cheques, ATM, Telebanking, Internet Banking, Any Branch Banking, Multi City Accounts, Synd Bill Pay, On-Line
Collection of Direct Taxes, On-line Railway Ticket Booking, Western Union Money Transfer, SyndInstant and
Electronic Funds Transfer(EFT) System.
Performance:
1. The financial highlights of the Syndicate Bank India as on 31st march, 2007 are: Total Income � 665855 lakhs
Total Expenditure- 527591 lakhs
Net Profit- 71611 lakhs
2. In 2006 the Syndicate Bank India launched the Syndicate General purpose Credit Card, SyndJaiKisan and
Scheme for financing tenant farmers. The IDRBT has conferred Syndicate Bank India the Special Award for Use
of IT for Customer Service in Semi-Urban and Rural Areas.
3. In 2007 the Syndicate Bank India launched SyndShakti to provide credit to the artisans & self-employed
persons.
Organization:
Shri C P Swarnkar is the Chairman & Managing Director of Syndicate Bank India.
Head office:
Syndicate Bank
Manipal PB no.13,
Udupi dist.,
Karnataka State- 576 119
Phone: 08252-570918
Fax: 08252-570827
Website: www.syndicatebank.in
In an interview how does one handle the question "Tell us about yourself?".
An often asked opening question. Perhaps the most frequently asked question across
interviews. Your opening statement needs to be a summary of your goals, overall
professional capabilities, achievements, background (educational and family), strengths,
professional objectives and anything about your personality that is relevant and
interesting. This question represents an opportunity to lead the interviewer in the direction
you want him to go e.g., your speciality or whatever else you may wish to highlight.
Your intention should be to try subtly convincing the interviewers that you are a good
candidate, you have proved that in the past and have a personality that fits the
requirement.
Remember that the first impression you create will go a long way in the ultimate selection.
Keep in mind, most candidates who are asked this question just blurt out their schooling,
college, marks and qualifications. All this is already there in the CV. Why tell the
interviewer something he already knows?
A final word on approaching this question. Once you have said what you have to say - shut
up. Don't drone on for the sake of speaking for you just might say something foolish.
Sometimes interviewers don't interrupt in order to give the candidate the impression that
he has not spoken enough. This is just a stress/error-inducing tactic. Don't fall for it,
especially if you feel you have spoken enough. In case the pause gets too awkward for
your liking, just add something like, "Is there something specific that you wish to know
about me?"
In the MBA entrance interview how do I justify my decision to pursue the MBA
programme?
When you are asked this for God's sake don't tell the panel that you are looking for
a"challenging job in a good firm with lots of money, status and glamour". That is the first
answer that most candidates think of. Unfortunately, it is the last answer that will get you
admission. In the answer to a direct question on this subject you must convey to the
interview panel that you have made a rational and informed decision about your career
choice and your intended course of higher study. There are broadly four areas which your
answer could touch upon:
Career Objectives : You could talk about your career objectives and how the two year MBA
programme will help you achieve them. This implies that you have a clear idea of what
your career objectives are and how you wish to achieve them. For example, you may want
to be an entrepreneur and wish to set up your independent enterprise after doing your
MBA and then working for a few years in a professionally managed company. You could
explain to the panel that the MBA programme will provide you with the necessary inputs to
help you run your business enterprise better. But then you must be clear about what the
inputs you will receive in the MBA programme are.
Value Addition : That brings us to the second area that your answer should touch upon.
What is the value you will add to yourself during your two year study of management.
Value addition will essentially be in two forms knowledge and skills. Knowledge of the
various areas of management e.g. marketing, finance, systems, HRD etc. and skills of
analysis and communication. You will find it useful to talk to a few people who are either
doing their MBA or have already done it. They will be able to give you a more detailed idea
of what they gained from their MBA.
Opportunities and Rewards : You could also at this stage mention the opportunities that
are opening up in organizations for management graduates. Highlight with examples. At
the end you may mention that while monetary rewards are not everything they are also
important and MBAs do get paid well. You must not mention these reasons as your primary
motivators even if that may be the case.
What to Expect ?
In general, B-school interviews are not formulaic. The focus can range from specific
questions about your job responsibilities to broad discussions of life. Approach the
interview as a conversation to be enjoyed, not as a question-and-answer ordeal to get
through. You may talk more about your hobbies or recent cross-country trip. This doesn't
mean that it won't feel like a job interview. It just means you're being sized up as a person
and future professional in all your dimensions. Try to be your witty, charming, natural self.
Interviews are conducted by students, faculty, admissions personnel and alumni. Don't
dismiss students as the lightweights; they follow a tight script and report back to the
committee. However, because they're inexperienced beyond the script, their interviews are
most likely to be duds. You may have to work harder to get your points across.
How to Prepare ?
Prepare for the interview in several ways: Expect to discuss many things about yourself.
Be ready to go into greater depth than you did in your essays (but don't assume the
interviewer has read them). Put together two or three points about yourself that you want
the interviewer to remember you by. Go in with examples, or even a portfolio of your
work, to showcase your achievements. Practice speaking about your accomplishments
without a lot of "I did this, I did that." Finally, be prepared to give a strong and convincing
answer to the interviewer's inevitable question: "Why here?"
Self Awareness
Weaknesses / Negatives
1. What major problems have you encountered and how have you dealt with them ?
2. What have you learnt form your mistakes ?
3. What do you consider to be your greatest weakness ?
4. Did you ever have problems with your supervisor ?
Values
Experience
Goals / Objectives
Education
Salary
Interests
General
Stress Questions
Influencing Others
1. Tell me about the time you were most persuasive in overcoming resistance to your
ideas or point of view.
2. Tell me about the last time someone made an unreasonable request of you.
3. Describe the most disappointing and frustrating experience in gaining the support of
others for an idea or proposal.
Interpersonal Skills
1. Describe a situation where it was most important for you to display tact and diplomacy.
2. Tell me about the last time you had a clash or disagreement with someone at
school/college/workplace.
3. Tell me about a time when you felt most frustrated and disappointed at a person with
whom you had worked.
Personal Adaptability
1. Tell me about the last time you were criticized by a supervisor or a professor.
2. Tell me about the time when you felt most pressured or stressed at work/
school/internship.
3. Tell me about the time when you felt most frustrated at your school/workplace.
4. In what aspects of your work/internship do you have the most confidence in your
abilities.
Communication Skills
1. Tell me about the time when you felt best about your ability to draw out or solicit
information from another person.
2. Tell me about the time when you had to work your hardest in order to fully understand
what another person was saying to you.
3. Describe the last time when someone at school/work misunderstood what you were
trying to communicate.
Motivation
1. Tell me about the most long term, sustained extra hours of effort that you put into your
work/college/internship.
2. Describe a time when you felt most frustrated or discouraged in reaching your goals or
objectives.
3. What do you feel has been your most significant work/school/internship related
achievement within the past year or so ?
4. Describe the last time you did something well which went beyond the expectations in
your work/internship.
Administrative Skills
1. Tell me how you go about organizing your work and scheduling your own time.
2. What do you do to ensure that your goals and objectives are met in a timely way ?
3. Describe the most extensive planning that you have ever done.
1.Tell me about the most difficult problem that you faced in your work/school/internship ?
2.Tell me about the last time you made a decision that backfired.
3.Tell me about the time when you regretted most not getting advice before you went
ahead ?
1. Tell me about the last significant crisis situation that you faced in your work.
2. Tell me about a time when you were most persuasive in overcoming resistance to your
ideas.
3. Tell me about the time when you had a disagreement with someone at work.