Syndicate Bank has launched a special advance scheme for empowering women entrepreneurs. The women entrepreneurs can get loans of up to Rs 5 crore at low interest rates under the Synd Mahila Sakthi scheme. There are no processing charges, and the bank has so far sanctioned 17,500 loans to women entrepreneurs.
Syndicate Bank (SB) is a Manipal-based public sector bank which was established in 1925. The bank has registered 32.86% fall in its net profit at Rs 315.60 crore for second quarter ended September 30, 2014 as compared to Rs 470.12 crore for the same quarter in the previous year.
