Syndicate Bank is in the process of setting up Centralised Processing Cells (CPC) for SMEs across various clusters. Moreover, the bank is planning to open one such CPC in Coimbatore soon. The bank will continue to focus on SME and mid-corporates. Fifty out of the 400 branches that the bank proposed to open during the current fiscal, would be specialised branches like Mid-Corporate and MSME branches to give focused attention to target group borrowers.
Recently, the bank announced that it is targeting to disbursing Rs 6,500 crore to Micro, Small and Medium Enterprises (MSMEs) and medium and small units in the first quarter of this fiscal.
