News

SyndBank adds 1 mn customers in 2 months (BS 11.09.06) The Manipal-headquartered public sector Syndicate Bank added one million new customers over the last two months - from July 10 to September 9. Bank’s Chairman and Managing Director C P Swarnkar had launched a door-to-door campaign two months ago as part of the bank’s programme to bring banking within the reach of the underprivileged sections of the society. During the campaign, all 2,100 branches of the bank, spread over 35 regions in the country added at least 500 new account holders. Swarnkar had led the field staff from the front in bringing the customers who were so far not able to open account in banks. The bank introduced a new ‘No Frills Account’ called “SyndSamanya” to enable the underprivileged persons to reap the benefits of banking by accepting their accounts even with a zero balance.