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Retail Banking Credit (Housing Loan) at Syndicate Bank

Syndicate Bank provides housing loans under their SyndNivas scheme to individuals for purchasing, constructing, or improving homes. Borrowers can obtain loans to purchase land or homes up to 25 years old, as well as furniture and fixtures. Syndicate Bank was founded in 1925 in Udupi and has over 2,125 branches across India. The bank offers various loan and savings products to individuals and businesses. To obtain a housing loan, customers work with a branch manager, provide know-your-customer documents, have their project evaluated, and complete the loan documentation if approved.

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Pradip Panda
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107 views

Retail Banking Credit (Housing Loan) at Syndicate Bank

Syndicate Bank provides housing loans under their SyndNivas scheme to individuals for purchasing, constructing, or improving homes. Borrowers can obtain loans to purchase land or homes up to 25 years old, as well as furniture and fixtures. Syndicate Bank was founded in 1925 in Udupi and has over 2,125 branches across India. The bank offers various loan and savings products to individuals and businesses. To obtain a housing loan, customers work with a branch manager, provide know-your-customer documents, have their project evaluated, and complete the loan documentation if approved.

Uploaded by

Pradip Panda
Copyright
© Attribution Non-Commercial (BY-NC)
Available Formats
Download as PPT, PDF, TXT or read online on Scribd
You are on page 1/ 21

RETAIL BANKING CREDIT

(HOUSING LOAN)
AT SYNDICATE BANK
Contents

Intoduction
Company profile
Objectives
Products and services
Vision and mission
Common features
Process of loan
Syndicate bank makes your dream of owning a
home come true by giving housing loan under
SyndNivas scheme. A person can take loan for
construction or acquisition of house/ flat, land,
acquiring a new house or an old house not more
than 25 years old.

The loan can also be taken for acquisition of


furniture/ fixtures including air conditioners,
geysers, cots, tables, etc which form a part of
improvement or expansion of the home
purchased or constructed out of the housing
loan.
COMPANY PROFILE
Syndicate Bank was established in 1925 in Udupi.

Initial name was Canara Industrial and Banking Syndicate Limited.

Established by three visionaries - Sri Upendra Ananth Pai, a businessman, Sri Vaman
Kudva, an engineer and Dr.T M A Pai, a physician .

Primary Objective:
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.

In the year 1964 the name of the bank was changed to Syndicate Bank Limited and
the head office of the bank was shifted to Manipal.
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.

Currently it has over 2125 branches out of which 1523 are offering
corebanking-e-banking services under anywhere-anytime-anyhow banking.

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.
ORGANISATIONAL STRUCTURE
Board of Directors

Chairman & Managing Director

Executive Director

General Managers
Portfolios
1. Corporate Credit Division – I (CCD-I) 9. Priority Sector Credit Dept

2. Corporate Credit Division – II (CCD-II) 10. Premises & Maintenance Dept


3. Retail Banking Department 11. Central Accounts & Legal Dept
4. Planning & Development Dept 12. Personnel Department
5. Recoveries Dept 13. Inspection Department
6. Dept. of Information Technology 14. Vigilance Department
7. Risk Management & Monitoring Dept.
8. Treasury & International Banking Division
Regional Offices - 35

Branches – 2125
Board of Directors
Mr. Basant Seth - Chairman & Managing Director
 
Mr. V.K. Nagar- Executive Director
 
Mr. R. Ramachandran- Executive Director

Mr. K. Seetharamu- Director

Mr. M. Bhaskara Rao- Director

Mr. AR Nagappan- Director


 
Mr. Bhupinder Singh Suri- Director
 
Office details
Head Office : Manipal
Corporate Office : Bangalore
International Division & FIM Division : Mumbai
Cash Management Service Centre : Mumbai
Regional Offices

The Regional Office in which I was allotted for summer


internship is located at :

Maker Tower No.E, II Floor, Cuffe Parade, Colaba,


Mumbai - 400 005.
Objectives
To study the loans and advances of the bank
 
To study the evaluation and performance of the bank

To study the financial statement


 
To understand functioning of bank
 
To Study the Credit Appraisal Procedure and Process
  
To Study the documents required by the customer that
approaches Syndicate Bank for credit.
PRODUCTS AND SERVICES
PROFILE
Syndnivas - Housing loan
SyndVidhya –Education Loan.
SyndLaghuUdyami –Loans for Entrepreneurs.
SyndVypar –Loans for Traders.
Syndswarna –Loans on Gold.
SyndPigmy –Loans for Pigmy Depositors.
SyndRent –Loans against Rent receivables.
SyndUdyog –Loans for Entrepreneurs.
SyndSenior- Personal loan for pensioners
SyndVahan –For Purchase of Vehicles.
SyndSuvidha –For Purchase of Consumer Durables.
SyndKisan –Loan for agriculturist.
SyndVidyarthi-a stand by overdraft facility for students of
professional courses.
VISION & MISSION
“Consolidating position as a Premier Public
Sector Bank with Increased Global Outreach”.

Serving its constituents and stakeholders as a


“Faithful and Friendly Financial Partner”.

To focus on improving the quality of asset


portfolio by avoiding slippage of assets to NPA
and to strive to upgrade the existing non-
performing assets to performing assets.
Common Features
Purpose
Eligibility
Quantum of loan
Margin requirement
Service charges/processing fees
Documentations
Rate of Interest
Repayment
Security
Insurance
Process for loan
Interview with manager
Know your customer
Evaluation of project
Sanction of loan
Documentation
Transfer to his S/B accounts
Repayment of interest
  
List of builders/property developers permitted by co
for tie up arrangement is as under
 
Godrej properties S Raheja
builders
 
Runwal builders Lokhandwala
construction
 
RNA Group Hiranandani
construction
 
Infrastructural Facilities
Syndicate bank has following infrastructure facilities
CBS Branches
ATM’s
Total Branch Mechanization(TBM’s)
Video Conferencing in HO, RO, CO,
Internet facility
Data warehousing and mining
Real Time Gross Settlement(RTGS) in CBS branches
Foreign exchange business
Treasury and Investment
Credit and Debit card
Security arrangement
Achievement / Awards won by the Bank over the years

1972 –INDIAN MERCHANTS CHAMBER Award for outstanding


contribution towards welfare of community.
1974 –INDIAN MERCHANTS CHAMBER Award for outstanding
contribution in promotion of savings.
1975 –CERTIFICATE OF MERIT for Bank's house journal "GIANT".
1976 –INTERNATIONAL AWARD by JAYCEE international for
outstanding contribution to the cause of the JAYCEE movement.
1977 –ASSOCHAM AWARD for promotion of rural and agricultural
activities of Syndicate Agriculture Foundation sponsored by the bank.
1978 –INDIAN MERCHANTS CHAMBER AWARD for outstanding
contribution towards welfare of the community.
1981 –NATIONAL INVESTMENT AND FINANCE AWARD for
Priority Sector lending.
1990 –CHAUDHARI CHARAN SINGH MEMORIAL NATIONAL AWARD for
Rural Development.
1999 –FICCI AWARD for institutional initiative in the field of "Rural
Development" to RUDSETI jointly sponsored by Syndicate Bank.
2001 –Banking Technology Award for innovative use of Banking Applications on
INFINET awarded by IDRBT, Hyderabad.
2003 –Banking Technology Award awarded by IDRBT, Hyderabad for the year
2003.
2006- Institute for Development and Research in Banking Technology (IDRBT),
established by Reserve Bank of India has conferred Syndicate Bank, “Special
Award for Use of IT for Customer Service in Semi-Urban and Rural Areas”. The
award was given to Shri C P Swarnkar, Chairman & Managing Director, Syndicate
Bank by Dr Y.V. Reddy, Hon’ble Governor, Reserve Bank of India on Sept. 02,
2006 at Hyderabad.
CONCLUSION
Thank You

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