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Syndicate Bank MD and CEO Sri Mrutyunjay Mahapatra and general manager K Rama Naik visited Andhra Pragathi Grameena Bank (APGB) head office at Kadpa on Sunday. APGB chairman A Venkat Reddy welcomed them. Sri Mrutyunjay Mahapatra had inaugurated the internet banking 2.0 version, HRMS and e-thic softwares and appreciated the bank staff and representatives of […]
Kantar Releases CX+ India Retail Banking Report 2019 – The Kantar CX+ study on performance of Indian Banks were analyzed on the basis of 7,280 retail banking customers in India to find out which banks have the experience advantage. Syndicate Bank is the only public sector bank listed in the Top 10 Best Retail Bank […]
Government of India is considering introduction of tax on cash withdrawal on persons who withdraw more than Rs 10 lakh in a year. Government is also mulling implement ation of an Aadhaar based authentication for high-value cash withdrawals. Cash transaction tax is being introduced to encourage digital payments and discourage cash transactions. Government may announce […]
Public Sector Syndicate Bank aims to achieve profit between Rs 500 to Rs 1,000 crore in FY 2019-20. The proposed profit is based on the fact that the bank’s Non-Performing Assets (NPA) came down to 6.1 per cent from 12 per cent. Syndicate Bank MD and CEO Mrutyunjay Mahapatra said, “We faced losses in the […]
The Reserve Bank of India has decided to scrap charges levied on digital transactions through Real-Time Gross Settlement system, or RTGS, and National Electronic Funds Transfer, NEFT, in an effort to boost the “digital funds movement”. RBI has also advised banks to pass these benefits to their customers. The instructions to banks in this regard […]
The new RTGS window for fund transfer will be effected from 01st June 2019. The Reserve Bank of India (RBI) has extended timings for customer transactions in the Real Time Gross Settlement (RTGS) system to 6 pm from existing 4:30 pm. What is RTGS ? The RTGS or Real Time Gross Settlement, is an online fund […]
In next three month Punjab National Bank (PNB) could initiate the process of merging of two-to-three small state-run banks, that could include Oriental Bank Of Commerce, Andhra Bank and Allahabad Bank. Read – Calculate your Basic Pay post 11th Bipartite Punjab National Bank was earlier in the headlines in April for a possible merger with […]
A bank today is called an IT company in banking business. I believe, at its core, it is still People Business. People define it, at least in its adoption of business outcomes and user experience parts of it. Great successes in banks could easily be traced to the success of the People Strategy of the […]
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