Syndicate Bank, a state-run bank, is planning to have 3,200 branches and 3,000 ATM networks towards the end of this financial year. The bank currently has got a network of 3,047 branches and around 1,360 ATMs. The bank has inaugurated new branch at Anna Nagar (West) in Chennai.
Besides, the bank has undertaken a major restructuring of its core-banking solutions which has been launched a decade ago. The bank has proposed to implement the latest software version i-Flex three and it will entail an investment of up to Rs 300 crore. The bank’s board had approved Ernst and Young as the consultant.
