Syndicate Bank to up focus on group schemes

Syndicate Bank will up its focus on group schemes as they promise incremental growth, besides customer stickiness.

The decision is backed by a strong showing in the agri and women's self help group sector. The latter has a near 100 per cent repayment track record, forcing the bank to increase the exposure to the segment.

At the launch of SyndArogya, a health insurance scheme in association with United India Insurance on Thursday, K M Shet, Syndicate Bank CMD, said the bank will seek to up its focus on funding self help groups, agri-sector and student loans. Besides, the bank is negotiating with hospitals like Narayana Hrudayala for concessional treatment for the bank's customers.