Syndicate Bank, Manipal-based bank is likely to open a regional office in Visakhapatnam, Andhra Pradesh. It has opened its ninth branch in the Visakhapatnam on Sankaramatham Road (Madhuranagar) on February 13, 2013. It was the 2,777 branch of the bank and 411 branch in Andhra Pradesh.
The bank has now decided to focus on improving network in Visakhapatnam. The public sector lender has opened four branches in the city in 10 months and another branch will be set up at Naiduthota during the current fiscal.
Syndicate Bank has a network of 2,709 branches and 1,240 ATMs as on March 31, 2012. The bank has branches in all the states except Manipur and in all the Union Territories except Daman & Diu and Dadra & Nagar Haveli. SB has an international branch at London.
