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Head Office : Manipal - 576104.


Syndicate Bank was established in 1925 in Udupi,

the abode of Lord Krishna in coastal Karnataka with
a capital of Rs.8000/- by three visionaries - Sri
Upendra Ananth Pai, a businessman, Sri Vaman
Kudva, an engineer and Dr.T M A Pai, a physician -
who shared a strong commitment to social welfare.
Their objective was primarily to extend financial
assistance to the local weavers who were crippled
by a crisis in the handloom industry through
mobilising small savings from the community. The
bank collected as low as 2 annas daily at the
doorsteps of the depositors through its Agents under its Pigmy Deposit Scheme started in
1928. This scheme is the Bank's brand equity today and the Bank collects around Rs. 2
crore per day under the scheme.

The progress of Syndicate Bank has been synonymous with the phase of progressive
banking in India. Spanning over 80 years of pioneering expertise, the Bank has created
for itself a solid customer base comprising customers of two or three generations. Being
firmly rooted in rural India and understanding the grassroot realities, the Bank's
perception had vision of future India. It has been propagating innovations in Banking and
also has been receptive to new ideas, without however getting uprooted from its
distinctive socio-economic and cultural ethos. Its philosophy of growth by mutual
sustenance of both the Bank and the people has paid rich dividends. The Bank has been
operating as a catalyst of development across the country with particular reference to
the common man at the individual level and in rural/semi urban centres at the area level.

The Bank is well equipped to meet the challenges of the 21st century in the areas of
information technology, knowledge and competition. A comprehensive IT plan is being
put in place and the skills and knowledge of the Bank's personnel are being upgraded
through a variety of training programmes to promote customer delight in every sphere of
its activity. The Bank has launched an ambitious technology plan called Centralised
Banking Solution (CBS) whereby 500 of our strategic branches with their ATMs are being
networked nationwide over a 4 year period.


Growing Far And Wide

192 On 10.11.1925, the business of the Bank commenced in Udupi with the name
5 "Canara Industrial and Banking Syndicate Ltd.," a joint Stock Company with just one
192 First branch of the Bank opened at Brahmavar in Dakshina Kannada District
193 Bank became a member of the Clearing House for the first time at Bombay.
194 29 branches opened in a single day in rural areas.
195 Took over the assets and liabilities of 2 Local Banks viz. Maharashtra Apex Bank
3 Ltd. and Southern India Apex Bank Ltd. 20 Banks merged with the Bank during the
period 1953-1964.
195 100th branch opened at Ilkal in Karnataka
196 Entered Foreign Exchange business by opening Foreign Exchange Department at
2 Bombay.
196 Name of the Bank changed from "Canara Industrial & Banking Syndicate Ltd." to
3 "Syndicate Bank Limited". Head Office was shifted to Manipal on 19.4.1964.
196 Economic Research Department set up. One of the first few Banks to emphasise on
6 research in Banking even before nationalisation.
196 Bank had 306 branches at the time of nationalisation of which 66% were in Rural
9 and Semi Urban centres. Opened a branch at Port Blair in Andaman and Nicobar
197 First Staff Training College started at Head Office
197 First specialised branch in Foreign Exchange opened at Delhi.
197 Opened a branch at Lakshadweep islands
197 First overseas branch opened at London on 17.8.76.
198 Took up management of Al Shabei Finance and Exchange Co. in Doha
198 Took up management of Musandam Exchange Co. in Muscat
198 1000th branch opened at Delhi Hauz Khas
198 1500th branch opened at Kanakumbi
199 First Specialised Industrial Finance Branch opened at Mumbai.
199 First Specialised Housing Finance Branch opened at Mangalore
199 Bank raised Capital of Rs.125 Crore in Oct.1999 from more than 4 lakh
9 shareholders
200 First Specialised Capital Market Services branch opened at Mumbai
200 First branch under CBS (Core Banking Solution) started operation at Bangalore.
200 Centralised Banking Solution under the brand name "Syndicate-e-banking"
2 launched at Delhi, Mumbai, Bangalore and Manipal.
200 Bank enters into MOU with Bajaj Allianz for distribution of Life Insurance products.
200 Toll Free Voice Mail System for redressal of grievances introduced.
200 Bank ties up with United India Insurance Co. Ltd. for distribution of Non-Life
4 Insurance products
200 Utility bill payment services through Internet banking introduced.
200 Introduced On-line reservation of Railway Tickets through Indian Railway Catering &
5 Tourism Corporation Ltd. (IRCTC) for Internet banking customers of our Bank.
200 Bank approached the Capital Market with Rs.5 Crore equity shares at a premium of
5 Rs.40 through Book building route Bank collected Rs.250 Crore and the issue was
oversubscribed by 29.275 times.
200 Amalgamation of 4 Regional Rural Banks of Karnataka to form Karnataka Vikas
5 Grameena Bank with Head Office at Dharwad.
200 Implementation of Venture Capital Scheme of SMALL FARMERS AGRI-BUSINESS
5 CONSORTIUM (SFAC) Entered into MOU with SFAC for promoting of investments in
Agri-business products.
200 Bank signs MOU with M/s.CMC Ltd., for making Syndicate Institute of Bank
6 Management (SIBM) a center of excellence of global standards and provide quality
management education.
200 500th Branch of SyndicateBank in Karnataka opened at Navnagar, Bagalkot.
200 2000th Branch of SyndicateBank opened at Tondiarpet, Chennai on 23.03.2006.
200 Inauguration of SyndBank Services Limited, the 1st BPO outfit of a Nationalised
6 Bank, a wholly owned subsidiary of SyndicateBank & 525th CBS Branch by Hon'ble
Union Minister of Finance, Sri P Chidambaram on 24.03.2006 at Bangalore.
200 2006th Branch of SyndicateBank opened at Gangtok, Sikkim on 27.03.2006
200 First Branch opened in Arunachal Pradesh at Ita Nagar on 16th October 2006
200 Branches opened for the first time in 19 additional districts
200 First Branch opened in Nagaland at Dimapur on 17.03.2007
200 First Branch opened in Mizoram in Aizawl on 29.03.2007
200 Branches opened for the first time in 13 additional districts
200 First Branch opened in Tripura at Agarthala on 11.01.2008
200 Branch network expanded to all States and UTs except Manipur & Daman Diu
200 Branches opened for the first time in 6 new districts

Pigmy Deposit Scheme - Bank's Brand Equity

 Launched in 1928 by Dr.T.M.A.Pai, one of the Founders to encourage the habit of

thrift and small savings. Pigmy Scheme symbolises the description of the Bank
as "a small man's big Bank" even today.
 Bank collects as low as Rs.5 daily for 72 months at the doorsteps of 10.36 lac
depositors through its more than 4000 Pigmy agents.

 Pigmy deposits of the Bank crossed Rs.1800 crore.

Nationalisation - Bank's Catalytic Role

196 Industrial Finance Department was set up to encourage advances to Small

1 Industries and Entrepreneurs in keeping with the policy of assisting the common
196 Bank's commitment to the philosophy of social lending since inception provided the
8 spark for introduction of social control measures in the country . 32% of the Bank's
branches were in rural areas as against 22% for the entire Banking system.
196 Bank was nationalised on 19th July 1969. Bank was acknowledged as a live
9 example of mass banking and as a powerful catalyst of social change.
Nationalisation therefore merely meant change of ownerhsip.
199 Established Hi Tech Agriculture Branches

Pioneer In Rural Development

192 Established in a rural milieu to financially assist handloom weavers
196 First Bank to venture into agricultural financing when the Banking system
4 considered it risky and unconventional.
196 Promoted Syndicate Agriculture Foundation - a voluntary organisation of farmers -
6 to disseminate scientific farming techniques.
196 Agri Card - a ready credit facility for farmers - launched.
197 Bio Gas finance scheme introduced in collaboration with Khadi and Village
3 Industries Commission to popularise non conventional source of energy. Farm
Clinics established.
197 Syndicate Farmers' Service Society was organised by the Bank in Hiriadka in South
4 Kanara based on the recommendations of the National Commission on Agriculture.
197 Sponsored the country's first Regional Rural Bank - Prathama Bank opened on
5 2.10.1975 - in Moradabad in U.P. Bank has so far sponsored 10 such RRBs which
are all profit making and act as trend setters in energising the rural economy. After
amalgamation there are now 5 Grameena Banks in 5 states, covering 30 districts
198 Jointly sponsored the first RUDSETI (Rural Development and Self Employment
2 Training Institute) at Ujire in Dakshina Kannada (Karnataka). There are 23 such
Institutes in 14 States today providing free entrepreneurship training to
unemployed youth. Intensive Rural Development branches established.
198 Bank adopted Service Area Villages to bring about alround development.
199 Kisan Credit Card launched
200 In commemoration of Platinum Jubilee, Syndicate Rural Development Trust
0 established (to mark the Platinum Jubilee of the Bank) for pursuing rural
development initiatives with initial corpus of Rs. 50 lacs. Opened 8 Rural
Enterpreneurship Development Institutes at Manipal, Kumta, Bellary, Belgaum,
Moradabad, Kadapa, Kurnool and Kollam.
Scheme for financing Solar Water Heating system Launched.
200 Syndicate Laghu Udyami Credit Card launched.
200 SSCC: Synd Swarozgar Credit Card- A new product for financing Small Artisans,
3 Handloom weavers, Fisherman, Service sector, Self employed persons, Rickshaw
owners and other Micro entrepreneurs to meet working capital or block capital or
both and also consumption needs has been launched.
200 SKSCC: Syndicate Kissan Samrudhi Credit Card- A new product launched for
4 meeting production and investment credit needs of farmers for agriculture & allied
activities and also to meet their consumption requirements.
200 Scheme for financing Commercial Horticulture Projects under the schemes of
5 National Horticulture Board has been launched to encourage farmers to go in for
diversification in agriculture essential for increasing their income level.
Scheme for financing SC/STs for rainwater harvesting has been launched.
200 Syndicate General purpose Credit Card launched.
6 Scheme for financing tenant farmers: Two separate schemes have been
launched to provide need based credit to tenant farmers through Joint Liability
Group (JLG) approach as well as individual approach.
200 "SyndSmallCredit"- an innovative scheme with doorstep banking facility to
7 provide need-based credit to entrepreneurs of small means. The product part of
financial inclusion, by bringing all eligible entrepreneurs into bank's fold.
"Financial Inclusion:" Launched a campaign to achieve 100% financial inclusion.
A booklet containing comprehensive guidelines to augment the process of total
financial inclusion released.
"Water Conservation initiatives:" To promote Water Management and
conservation measures among the villagers, Bank started initiatives for clearing
and cleaning of village ponds in the selected service area villages.

Social Lending - Concern For The Underprivileged

Priority For Women - Towards Greater Empowerment

Implementation of PM's 15 point programme for welfare of

The following information is available for viewing regarding credit assistance provided by
the Bank to specified minorities

• Data on Credit assistance provided to specified minorities for all

Districts, 121 identified districts, 338 identified towns of the country
and state-wise progress of Minorities credit lending under Priority
Sector lending-target-achievement for2010-11 as on 30.09.2010.
• Progress Report on parameters of recommendations of
Sachar Committee as on 30.09.2010 - Click here

Agricultural Debt Waiver and Debit Relief Scheme,2008 - List of

Eligible Borrowers of our Bank - Click here to view the State-wise


196 Installed first Data Processing machine at the Head Office.

198 ALPMs introduced
198 In House Computer at H.O. upgraded to ICIM 6000/40
199 Established connectivity to SWIFT
199 First totally computerised branch made operational at Nehru Place Delhi
199 E-Mail facility introduced at 26 branches
199 First Telebanking facility introduced at South Block Branch New Delhi
199 First ATM installed at Gandhi Nagar, Bangalore.
199 Bank's website launched
199 Joined Indian Financial Network (INFINET) and VSAT Network
200 Centralised Banking Solution (CBS) under the brand name "Syndicat-e-banking"
1 launched
200 Internet Banking launched as one more Delivery Channel for CBS customers
200 Syndicat-e-banking extended to 245 Branches/Offices as at 31.03.2005 covering
5 105 centres
SyndBillPay Scheme & Excise and Service Tax payments scheme launched through
Internet Banking
200 Syndicat-e-Banking Branches/Offices extended to 529 in 212 centres as at
6 31.03.2006
200 CBS Branches/Offices increased to 1508 in 801 centres and covering 91% of Bank's
7 business as at 31.03.2007
101 Branches cut over to CBS on a single day
51 ATMs commissioned on a single day
200 CBS Branches/Offices increased to 1829 in 1033 centres. The business under CBS
8 rose to over 95% as at 31.03.2008.
SMS Banking launched during January 2008

Awards Won By The Bank Over The Years

197 INDIAN MERCHANTS' CHAMBER AWARD for outstanding contributions towards

2 welfare of community
197 INDIAN MERCHANTS CHAMBER AWARD for outstanding contribution in promotion of
4 savings
197 FICCI AWARD For outstanding achievements in agriculture
197 LAGHU UDYOG SAHAKARI AWARD by the national alliance of young entrepreneurs
5 for bank's significant contributions to the development of small scale industries and
assistance to the young entreprenueurs through self employment clinics
197 FICCI AWARD in recognition of corporate initiative in industrial relations
197 CERTIFICATE OF MERIT for Bank's house journal "GIANT"
197 INTERNATIONAL AWARD by JAYCEE international for outstanding contribution to the
6 cause of the JAYCEE movement
197 ASSOCHAM AWARD for promotion of rural and agricultural activities of Syndicate
7 Agriculture Foundation sponsored by the bank
197 INDIAN MERCHANTS CHAMBER AWARD for outstanding contribution towards
8 welfare of the community
197 NATIONAL TROPHY For outstanding export performance
198 NATIONAL INVESTMENT AND FINANCE AWARD for Priority Sector lending.
199 FICCI AWARD for institutional initiative in the field of "Rural Development" to
9 RUDSETI jointly sponsored by Syndicate Bank
200 Banking Technology Award for innovative use of Banking Applications on INFINET
1 awarded by IDRBT, Hyderabad
200 Banking Technology Award conferred on SyndicateBank by IDRBT, Hyderabad for
3 2003
200 "Special Award for Use of IT for Customer Service in Semi-Urban and Rural Areas",
6 conferred by IDRBT, Hyderabad for 2006
200 Best Core Banking Project Award for Large Banks in 2006 awarded by The Asian
6 Banker
200 Best Performer award by NABARD for Highest Average Loan Size under SHG -Bank
9 linkage programme among commercial banks operating in Karnataka.

Disclaimer: The contents of this website are purely for information dissemination.It does
not constitute any solicitation of business.


would like to share with you the emerging macro-economic scenario which
would have a bearing on the banking industry's performance.

The global recovery is proceeding better than expected, but in varying degrees
in different economies. As per IMF's projection, Global GDP, which declined by
(- 0.6%) in 2009, is estimated to grow at 4.2% this year and at 4.3% in 2011.
The overall growth in India's GDP for 2009-10 is estimated to be in the range of
7.2 to 7.5%, up from 6.7% recorded in 2008-09 as per the advance estimates
of Central Statistical Organization (CSO). The recovery could have been better
but for lower agricultural output on account of deficit rainfall in many parts of
the country. The slowdown in economic activity resulted in lower demand for
bank credit. Another impact of the slow down was stress in the quality of
credit due to which the banking sector witnessed rising levels of delinquencies
and restructured assets.

Overall, the economic outlook for the country looks promising and while there
may be concerns around the slow pace of global recovery and inflation at home,
there is unanimity in the view that we are poised to grow at a faster pace.


Business crossed a new milestone and grew to Rs.2,08,476 crore in 2009-10
with deposits at Rs.1,17,026 crore and advances at Rs.91,450 crore.

2. Priority Sector Advances registered a growth of 19.55% during 2009-10 and

constituted 45.88% to the Adjusted Net Bank Credit against the mandatory
requirement of 40%. Credit to Agriculture increased by 22% and constituted
18.42% of Adjusted Net Bank Credit (ANBC) as against the mandatory
requirement of 18%.

3. Total income rose to Rs.11,215 crore in 2009-10 from Rs.10,440 crore in


4. Operating Profit of the Bank grew by 12% to Rs.1873 crore in 2009-10 up

from Rs.1671 crore in 2008-09. Net Profit however, declined to Rs.813 crore in
2009-10 from Rs.913 crore in 2008-09 due to higher provisioning for NPAs,
taxation and wage arrears.

5. Book value per share improved to Rs.107.80 from Rs.95.98 last year.

The Board of Directors have proposed a dividend of 30% for the year ended
31st March 2010.


The Bank has signed a memorandum of Agreement with Stock Holding
Corporation of India Ltd for e-Stamp vending across the country.

The Bank has embarked upon an ambitious project of providing Payment

Gateway services, whereby the customers can purchase products / services
online and make payment from their accounts with the Bank, via Internet

The Bank proposes to bring all the 5 sponsored RRBs with 1328 branches under
CBS, which shall bring in uniformity in the functioning and ease of operations.

In its 85th year of operations, the Bank opened 85 new branches and Extension
Counters, a good number of them in Tier 3 to Tier 6 centres and under-banked
districts. The Bank also opened 2 new Regional Offices i.e. at Guwahati
(Assam) and Moradabad (UP) for better control and monitoring The total
network of the branches stood at 2308 branches including one branch at
London. All the domestic branches are networked under CBS.

The Bank has built competencies in other areas as well by offering a range of
products and services and by taking lead in Priority Sector Advances.


The Bank has been fulfilling its social responsibilities by actively participating
in activities aimed at taking up humanitarian causes like helping the victims of
the cyclone 'AILA' that washed away several island villages in West Bengal,
Relief measures for the flood-effected in AP and Karnataka, sponsoring a
Doordarshan program to pay homage to the martyrs of terrorist attack in
Mumbai, donating computers/software to visually and physically challenged
children, sponsoring corneal transplantation surgery camps for the rural poor,
helping old-age-homes, sponsoring child welfare schemes and donating sewing
machines to widows and tricycles to physically challenged persons, conducting
entrepreneurial development programmes through RUDSETIs and organizing
agricultural extension programmes in villages.


During the year 2010-11 the focus will be on increasing share of Low Cost
Deposits, improvement in asset quality, lending to priority sector & weaker
sections, reducing NPA level, increasing fee based income and improving

Your Bank has chosen Financial Inclusion as a thrust area and has adopted
Technology based Business Correspondent Model of branchless banking to
achieve the objective. The Bank has already submitted a plan to RBI to cover
1620 villages under Financial Inclusion by March 2012.

The H R Philosophy of the Bank revolves around recognition and enhancing the
inherent human potential in every employee through training, updating
knowledge and sharpening of skills to meet the ever changing and dynamic job
requirements. Combining business goals without compromising on ethics and
transparency will be the priority in the coming years.

Shri Basant Seth

Shri Basant Seth has been appointed as Chairman and Managing Director of Syndicate Bank by the
Government of India. He has assumed charge as Chairman and Managing Director of Syndicate Bank on
31st August ,2009.Click for more Details.

Shri Vinod Kumar Nagar

Shri Vinod Kumar Nagar has been appointed as Executive Director of SyndicateBank by the
Government of India. He has taken charge as Executive Director of SyndicateBank on 8th October
2008. Click for more Details.

Shri Ravi Chatterjee

Shri Ravi Chatterjee has been appointed as Executive Director of SyndicateBank by the
Government of India. He has assumed the office on 1st September 2010.
Click for more Details.
Syndicate Bank
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Syndicate Bank

Type Public (BSE: 532276)

Financial services

Udupi, 1925 (as Canara Industrial and

Banking Syndicate Limited)

Headquarters Manipal, Karnataka State, India

Basant Seth, Chairman & Managing

Key people

Finance and insurance

Consumer Banking
Corporate Banking
Investment Banking
Investment Management
Private Equity
Credit Cards

INR 160,368 crore (US$ 36.4 billion)

(FY 08 Total Business)

Website Syndicatebank.in/

Syndicate Bank (Kannada: ಸಂಡಕೇಟ ಬಯಂಕ), established in 1925 in Mangalore(D.K)Now

divided as Udupi (in Karnataka, India) by Upendra Ananth Pai, Vaman Srinivas Kudva and
Dr. T. M. A. Pai, is one of the oldest and major commercial banks of India. At the time of its
establishment, the bank was known as Canara Industrial and Banking Syndicate Limited.
The bank, along with 13 major commercial banks of India, was nationalized on 19 July 1969,
by the Government of India.


• 1 Business
• 2 Mergers
• 3 Regional rural banks
• 4 In the news
• 5 See also

• 6 External links

[edit] Business
The business started with a capital of Rs. 8000. The first branch of the bank started its
operations in the year 1928 at Brahmavar in Dakshin Kannada District. By 1937, it had
secured its membership as a clearing house at Mumbai. The primary objective of the business
was to extend the financial assistance to local weavers. Initially, the bank collected as low as
two annas from the door steps of the depositors daily through its agents. This type of system
wherein the agents of the bank come doorsteps to collect deposit is still prevailing in India
and is referred to as the Pigmy Deposit Scheme.

[edit] Mergers
As time progressed, twenty banks merged with the Canara Industrial and Banking Syndicate
Limited including the Maharastra Apex Bank Limited and Southern India Apex Bank
Limited. The name of the bank was changed to Syndicate Bank Limited in the year 1964
and the head office of the bank was shifted to Manipal. The bank expanded its operations not
only on the domestic front but also overseas. It has a branch in London and the bank manages
National Exchange Co. in Doha and Musandam Exchange Co. in Muscat. By 1978, it opened
its 1000th branch at Hauz Khas, Delhi. Currently it has over 40125 branches out of which
1523 are offering corebanking-e-banking services under anywhere-anytime-anyhow banking.

[edit] Regional rural banks

Syndicate Bank sponsored the first regional rural bank in India by name Prathama Grameena
Bank. The stocks of the Syndicate Bank are listed on Bombay Stock Exchange, National
Stock Exchange, Mangalore Stock Exchange and Bangalore Stock Exchange. Syndicate bank
made a partnership with UNEP to initiate a successful solar loan programme. It was a four-
year $75855.6 million effort, launched in April 2003 to help accelerate the market for
financing solar home systems in southern India.

• Andhra Pragathi Grameena Bank

• North Malabar Gramin Bank

[edit] In the news

• Recently, Syndicate Bank has achieved a rare feat of opening one million customer
accounts in a span of 3 months.
• Shri George Joseph (banker) took over as the CMD of the Bank on 2 August 2008.
His term expired on 30 April 2009.
• Public sector lender Syndicate Bank on 31,August,2009 said Basant Seth has been
appointed as Chairman and Managing Director till February 29, 2012.
• It has also sponsored a regional rural bank in Karnataka called Karnataka Vikas
Grameena Bank(formed after amalgamation of four other RRB's) which stands fourth
in India.

Syndicate Bank Details:

Syndicate Bank India, established in 1925 in Udupi in Karnataka plays a vital role in providing financial
assistance in the rural and semi urban areas as well as to the individuals.

The first scheme of the bank was the Pigmy Deposit Scheme which at present is the Bank's
brand equity. In 1962, the Syndicate Bank India opened an all women branch in Bangalore.


The Syndicate Bank offers varied products and services like:

• Deposits- Synd 400 Plus & Synd 500 Plus, Synd-Super Premium Savings Bank Account,
SyndSamanya Savings Bank Account, SyndTaxShield Deposit, Vikas Cash Certificate, Syndicate
Suvidha Deposit, Pigmy 1928 Deposit, Pigmy Plus 2007 Deposit, Synd Corporate Suvidha Deposit
• Personal Loans- SyndSaral, SyndSenior, SyndRent, SyndVahan, SyndSuvidha, SyndVyapar,
SyndSwarna, SyndPigmy, SyndLaghuUdhyami, SyndKisan, SyndNivas, SyndNivas Plus, SyndVidya,
SyndVidyarthi, SyndPravasi, SyndMahila, SyndMortgage, SyndiUdyog
• Agricultural Loans - Synd Jai Kisan Loan Scheme, Jewel Loan Scheme for Agriculture, Syndicate
Farm House Scheme, Farm Mechanisation Schemes, Finance for Hi-tech Agriculture, Development of
Irrigation Infrastructure, Syndicate 2/3/4 Wheelers Scheme, Animal Husbandry Scheme, Rural
Employment Generation Programme, Syndicate Kisan Credit Card, Solar Water Heating Systems
• Priority Sector Loans - Scheme for Financing Rural Tourism, Synd Swarojgar Credit Card Scheme,
Syndicate Kisan Samrudhi Credit Card Scheme, Syndicate General Credit Card Scheme, Synd Solar
Jyothi Scheme, Grameen Bhandaran Yojana

Other value added services offered by the Syndicate Bank In India are the Cash Management Services, Gift
Cheques, ATM, Telebanking, Internet Banking, Any Branch Banking, Multi City Accounts, Synd Bill Pay, On-Line
Collection of Direct Taxes, On-line Railway Ticket Booking, Western Union Money Transfer, SyndInstant and
Electronic Funds Transfer(EFT) System.


1. The financial highlights of the Syndicate Bank India as on 31st march, 2007 are: Total Income � 665855 lakhs
Total Expenditure- 527591 lakhs
Net Profit- 71611 lakhs

2. In 2006 the Syndicate Bank India launched the Syndicate General purpose Credit Card, SyndJaiKisan and
Scheme for financing tenant farmers. The IDRBT has conferred Syndicate Bank India the Special Award for Use
of IT for Customer Service in Semi-Urban and Rural Areas.

3. In 2007 the Syndicate Bank India launched SyndShakti to provide credit to the artisans & self-employed


Shri C P Swarnkar is the Chairman & Managing Director of Syndicate Bank India.

Head office:
Syndicate Bank
Manipal PB no.13,
Udupi dist.,
Karnataka State- 576 119

Phone: 08252-570918
Fax: 08252-570827
Website: www.syndicatebank.in

"Tell us about yourself"?

In an interview how does one handle the question "Tell us about yourself?".

An often asked opening question. Perhaps the most frequently asked question across
interviews. Your opening statement needs to be a summary of your goals, overall
professional capabilities, achievements, background (educational and family), strengths,
professional objectives and anything about your personality that is relevant and
interesting. This question represents an opportunity to lead the interviewer in the direction
you want him to go e.g., your speciality or whatever else you may wish to highlight.

Your intention should be to try subtly convincing the interviewers that you are a good
candidate, you have proved that in the past and have a personality that fits the

Remember that the first impression you create will go a long way in the ultimate selection.
Keep in mind, most candidates who are asked this question just blurt out their schooling,
college, marks and qualifications. All this is already there in the CV. Why tell the
interviewer something he already knows?

A final word on approaching this question. Once you have said what you have to say - shut
up. Don't drone on for the sake of speaking for you just might say something foolish.
Sometimes interviewers don't interrupt in order to give the candidate the impression that
he has not spoken enough. This is just a stress/error-inducing tactic. Don't fall for it,
especially if you feel you have spoken enough. In case the pause gets too awkward for
your liking, just add something like, "Is there something specific that you wish to know
about me?"

Is it better to have a longer selection interview or a shorter one?

The length of an interview in no way is an indicator of how well an interview went. This is
especially so when there are a number of candidates to be interviewed, like in the Civil
Services interview or the MBA entrance interview. In the past, a number of candidates
have reported varying lengths of interviews. Nothing positive or negative should be read
into this. An interview is only a device whereby the panel seeks information about the
candidate. Information that will help the panel decide whether or not the candidate should
be selected. If the panel feels that it has gathered enough information about the candidate
in 15 minutes of the interview commencing and that it has no further questions to ask the
interview will be terminated in 15 minutes. If on the other hand the panel takes an hour to
gather the information required to take a decision the interview will last for an hour. In
either case the decision could be positive or negative. It is a fallacy to believe that
interview panels take longer interviews of candidates whom they are more interested in.
No panel likes to waste its time. If an interview is lasting longer than usual then it only
means that the panel is seeking more information about the candidate in order to take a

In the MBA entrance interview how do I justify my decision to pursue the MBA

When you are asked this for God's sake don't tell the panel that you are looking for
a"challenging job in a good firm with lots of money, status and glamour". That is the first
answer that most candidates think of. Unfortunately, it is the last answer that will get you
admission. In the answer to a direct question on this subject you must convey to the
interview panel that you have made a rational and informed decision about your career
choice and your intended course of higher study. There are broadly four areas which your
answer could touch upon:

Career Objectives : You could talk about your career objectives and how the two year MBA
programme will help you achieve them. This implies that you have a clear idea of what
your career objectives are and how you wish to achieve them. For example, you may want
to be an entrepreneur and wish to set up your independent enterprise after doing your
MBA and then working for a few years in a professionally managed company. You could
explain to the panel that the MBA programme will provide you with the necessary inputs to
help you run your business enterprise better. But then you must be clear about what the
inputs you will receive in the MBA programme are.

Value Addition : That brings us to the second area that your answer should touch upon.
What is the value you will add to yourself during your two year study of management.
Value addition will essentially be in two forms knowledge and skills. Knowledge of the
various areas of management e.g. marketing, finance, systems, HRD etc. and skills of
analysis and communication. You will find it useful to talk to a few people who are either
doing their MBA or have already done it. They will be able to give you a more detailed idea
of what they gained from their MBA.

Background : Remember, there must be no inconsistency between your proposed study of

management and your past subject of study or your past work experience. If you have
studied commerce in college then management is a natural course of higher studies. If you
are an engineer this is a tricky area. You must never say that by pursuing a career in
management you will be wasting your engineering degree. Try and say that the MBA
course and your engineering degree will help you do your job better in the company that
you will join. But then you should be able to justify how your engineering qualification will

Opportunities and Rewards : You could also at this stage mention the opportunities that
are opening up in organizations for management graduates. Highlight with examples. At
the end you may mention that while monetary rewards are not everything they are also
important and MBAs do get paid well. You must not mention these reasons as your primary
motivators even if that may be the case.

What to Expect ?

In general, B-school interviews are not formulaic. The focus can range from specific
questions about your job responsibilities to broad discussions of life. Approach the
interview as a conversation to be enjoyed, not as a question-and-answer ordeal to get
through. You may talk more about your hobbies or recent cross-country trip. This doesn't
mean that it won't feel like a job interview. It just means you're being sized up as a person
and future professional in all your dimensions. Try to be your witty, charming, natural self.
Interviews are conducted by students, faculty, admissions personnel and alumni. Don't
dismiss students as the lightweights; they follow a tight script and report back to the
committee. However, because they're inexperienced beyond the script, their interviews are
most likely to be duds. You may have to work harder to get your points across.

How to Prepare ?

Prepare for the interview in several ways: Expect to discuss many things about yourself.
Be ready to go into greater depth than you did in your essays (but don't assume the
interviewer has read them). Put together two or three points about yourself that you want
the interviewer to remember you by. Go in with examples, or even a portfolio of your
work, to showcase your achievements. Practice speaking about your accomplishments
without a lot of "I did this, I did that." Finally, be prepared to give a strong and convincing
answer to the interviewer's inevitable question: "Why here?"

Self Awareness

1. How would you describe yourself ?

2. Tell me about yourself ?
3. How do you think a friend or professor who knows you would describe you?
4. What motivates you to put forth your best effort ?
5. How do you determine or evaluate success ?
6. What academic subjects did you like best ? Least ?
7. What led you to choose the career for which you are preparing ?
8. What personal characteristics are necessary for succeeding in the career that you are
interested in ?
9. What is your philosophy of life ?
10. Why have you switched career fields ?

Weaknesses / Negatives

1. What major problems have you encountered and how have you dealt with them ?
2. What have you learnt form your mistakes ?
3. What do you consider to be your greatest weakness ?
4. Did you ever have problems with your supervisor ?

Skills / Abilities / Qualifications

1. What do you consider to be your greatest strength ?

2. Are you creative ? Give an example.
3. What qualifications do you have that makes you think you will be successful ?
4. In what way do you think you can make a contribution to society?
5. Why should we take you ?
6. What are your own special abilities ?
7. Why should we take you over another candidate ?
8. What is your managing style ?
9. Why do you want to join this institute ?
10. What do you know about our institute ?


1. What is your attitude towards working hard ?

2. What part does your family play in your life ?
3. What are the most important rewards you expect in your career ?
4. What is more important to you : money offered, or the type of job ?
5. Do you enjoy independent research ?
6. In what kind of a work environment are you most comfortable ?
7. How would you describe the ideal job for you ?
8. What two or three things are most important to you in your job ?
9. Do you prefer working with others or all by yourself ?
10. How do you like to work ?
11. Under what conditions do you work best ?
12. What is the highest form of praise ?


1. In what part-time or summer job have you been most interested ?

2. Tell me about your experience.
3. What jobs have you held ?
4. How did your previous employer treat you ?
5. What have you learnt from some of the jobs that you have held ?
6. What jobs have you enjoyed most ? Least ? Why ?
7. What have you done that shows initiative and willingness to work ?
8. Describe your current job.
9. What did you like least about your last job ?
10. What did you like most about your last job ?

Goals / Objectives

1. What are your short-term and long-term goals and objectives ?

2. What specific goals other than those related to your occupation have you chosen for
yourself for the next 10 years ?
3. What do you see yourself doing 5 years from now ?
4. What do you really want to do in life ?
5. How do you plan to achieve your career goals ?


1. How has your education prepared you for a career ?

2. Describe your most rewarding college experience.
3. Why did you select your college or university ?
4. If you could, would you plan your academic study differently ?
5. Do you think grades are a good indication of your academic achievement ?
6. What have you learnt from participation in extracurricular activities ?
7. Do you have plans for continuing your studies ?
8. Why did you pick your programme ?
9. What courses did you like best and why ?
10. What courses did you like least and why ?
11. How has your college experience prepared you for this job ?
12. How did you pick your dissertation ?
13. Describe your dissertation process.


1. What do you expect to earn in 5 years ?

2. What did you earn in your last job ?


1. What are your outside interests ?

2. What do you do with your free time ?
3. What are your hobbies ?
4. What types of books do you read ?
5. How interested are you in sports ?
6. How did you spend your vacations in school ?


1. What qualities should a successful manager possess ?

2. Describe the relationship that should exist between a supervisor and a subordinate.
3. What 3 accomplishments have given you the greatest satisfaction ?
4. If you were taking a graduate for this institute, what qualities would you look for ?
5. What can I do for you ?
6. Tell me a story.
7. Define cooperation.

Stress Questions

1. What causes you to lose your temper ?

2. How often have you been absent from school, work or training ?
3. Have you ever had trouble with other people on the job ?
4. Can you take instructions without getting upset ?
5. Don't you feel you are a little to old/young for this job ?
6. How does your family like you being away on business trips ?
7. With your background, we believe that you are overqualified to join this institute.
8. You haven't had sufficient experience in this field.
9. Our experience with women on this job has not been good.
10. What would irritate you most if I as a manager did it ?

Influencing Others

1. Tell me about the time you were most persuasive in overcoming resistance to your
ideas or point of view.
2. Tell me about the last time someone made an unreasonable request of you.
3. Describe the most disappointing and frustrating experience in gaining the support of
others for an idea or proposal.

Interpersonal Skills

1. Describe a situation where it was most important for you to display tact and diplomacy.
2. Tell me about the last time you had a clash or disagreement with someone at
3. Tell me about a time when you felt most frustrated and disappointed at a person with
whom you had worked.

Personal Adaptability

1. Tell me about the last time you were criticized by a supervisor or a professor.
2. Tell me about the time when you felt most pressured or stressed at work/
3. Tell me about the time when you felt most frustrated at your school/workplace.
4. In what aspects of your work/internship do you have the most confidence in your

Communication Skills

1. Tell me about the time when you felt best about your ability to draw out or solicit
information from another person.
2. Tell me about the time when you had to work your hardest in order to fully understand
what another person was saying to you.
3. Describe the last time when someone at school/work misunderstood what you were
trying to communicate.


1. Tell me about the most long term, sustained extra hours of effort that you put into your
2. Describe a time when you felt most frustrated or discouraged in reaching your goals or
3. What do you feel has been your most significant work/school/internship related
achievement within the past year or so ?
4. Describe the last time you did something well which went beyond the expectations in
your work/internship.

Administrative Skills
1. Tell me how you go about organizing your work and scheduling your own time.
2. What do you do to ensure that your goals and objectives are met in a timely way ?
3. Describe the most extensive planning that you have ever done.

Problem Solving and Decision Making

1.Tell me about the most difficult problem that you faced in your work/school/internship ?
2.Tell me about the last time you made a decision that backfired.
3.Tell me about the time when you regretted most not getting advice before you went
ahead ?

Conflict Management Skills

1. Tell me about the last significant crisis situation that you faced in your work.
2. Tell me about a time when you were most persuasive in overcoming resistance to your
3. Tell me about the time when you had a disagreement with someone at work.

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