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Syndicate Bank reduces staff strength

(Feb 18, 2000)

The Manipal based public sector bank, Syndicate Bank has reduced its staff strength by 2,400 in the last two years. With 35,000 employees as of March'98 it was ranked seventh in terms of staff strength among the public sector banks.

Syndicate Bank net up 74% YoY

(Jan 19, 2000)

Syndicate Bank's big growth in profits has been driven by higher interest income,other income and better spreads. However this would have been higher had its provisions not grown by 357.3% YoY.


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