Syndicate Bank is likely to launch electronic term deposit (e-term deposit) and also gold deposit. It is waiting for RBI to finalize the guidelines regarding the same. The bank is planning to open one more branch in the city at Naiduthota, in Andhra Pradesh and it was planning to set up a regional office there.
The bank expected to achieve 25% growth in business during the current financial year to reach Rs 4,19,000 crore. It will also strive to bring down the NPAs by 20% during the current year.
