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Monday, November 10, 2014

Syndicate Bank to open two new regions in Telangana, AP

Syndicate Bank will be adding two regions to its network in Telangana and Andhra Pradesh for better reach in the two States post the recent bifurcation.

``These two regions will be opened next year and we are targeting a total business of Rs. 45,000 crore for March 2015 from both States,’’ M Anjaneya Prasad, Executive Director, Syndicate Bank, told newspersons here.

As on September 30, 2014, total business in both States stood at Rs. 38,095 crore, of which deposits were Rs. 17,528 crore and advances Rs. 20,567 crore.

The number of new accounts opened under the Pradhan Mantri Jan Dhan Yojana (PMDJY) in both States stood at Rs. 3.79 lakh at the end of September, he added.

Source : The Hindu


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