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Syndicate Bank aims 3,200 branches by March 2014

11 Oct 2013 Evaluate

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.

Peers
Company Name CMP
State Bank Of India 958.10
PNB 116.80
Bank Of Baroda 236.00
Canara Bank 119.50
Union Bank Of India 172.30
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