Karnataka based PSU bank Syndicate Bank has reportedly decided to invest close to Rs 100 crore to upgrade its Information technology platform to improve customer service. Further, the bank is planning to open 350 branches across the country in this fiscal to add to its existing tally of 3260. The bank is also planning to recruit 5,200 in 2014-15, including 2500 clerks, 700 specialised officers and over 2000 officers. In 2013-14, the bank hired 2,500 staffs of which 1,300 were officers and 1,200 were clerks.
The bank has posted a fall of 30.90% in its net profit at Rs 409.30 crore for the quarter ended March 31, 2014 as compared to Rs 592.34 crore for the same quarter in the previous year. However, total income of the bank has increased by 12.06% at Rs 5357.40 crore for quarter under review as compared to Rs 4780.75 crore for the quarter ended March 31, 2013.
