Syndicate Bank has unveiled -- Maestro Global Debit Card -- via tie-up with MasterCard Worldwide, a leading global payments company.
The bank with an existing customer base of 26 million aims at doubling the convenience for its customers by offering the debit card. This initiative gives bank’s customers an option of choosing the maestro advantage for their payment needs.
Earlier in may this year, the bank entered into a memorandum of understanding (MoU) with Karnataka State Public Service Commission (KPSC) to accept application fee across all its branches in the state. With the signing of this MoU the bank started offering comprehensive C2B (Customer to Business) solution to KPSC.
The bank’s net profit for the fourth quarter jumped by 71.96% at Rs 289.29 crore as compared to Rs 168.23 crore for the corresponding quarter previous year. Its total income increased by 24.59% at Rs 3416.60 crore for the quarter under review from Rs 2742.20 crore in the corresponding previous quarter.
