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Syndicate Bank surpasses Rs 5 trillion business target ahead of schedule

The bank crossed Rs 5 trillion total business mark at the end of December 31, 2019

Press Trust of India  |  New Delhi 

Syndicate Bank

State-owned on Monday said it has crossed Rs 5 trillion business target three months ahead of its schedule.

The bank crossed Rs 5 trillion total business mark at the end of December 31, 2019.

The bank achieved this milestone on the back of every business unit contributing in its full capacity which included retail, MSME and priority sector, the lender said in a statement.

With this achievement, the bank has proved itself as one of the most trusted and technology savvy public sector bank with a well segmented and granular growth across corporate, MSME and retail businesses that have resulted in astounding business figures, it said.

As per the mega merger plan announced by the government in August 2019, has been selected for merger with Canara Bank and the amalgamation is expected to be complete by March 31.

First Published: Mon, January 06 2020. 21:30 IST
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