Its offers affordable and competitive rates in categories like interests, term deposits and loans to its clients. Syndicate Bank has adopted a reasonable pricing policy for its products and services as it wants to increase its client base in the banking sector. It faces competition from other banks in terms of interest rates. Syndicate Bank is one of the major Indian banks in the commercial sector. Banks are dependent to a great extent on basic guidelines set up by IBA and RBI. Price in the Marketing Mix Of Syndicate Bank :īy the end of the financial year 2015, estimated total deposits of Syndicate Bank were 255,388 crore rupees, total assets 30,313,525 lakh rupees and net profit 1,523 crore rupees. It controls international business via its office in Mumbai. By the end of the calendar year, 2016 Syndicate Bank had spread its presence via 3859 branches including one overseas branch, 38 satellite offices and 12 extension counters. It has fifteen regional offices located at strategic regions headed by DGM, AGM cadre. In domestic circuit, Syndicate Bank has a widespread distribution channel that includes eight offices of Field General Managers for business and administration purpose at Manipal, Mumbai, Lucknow, Kolkata, Hyderabad, Delhi, Chennai and Bengaluru. ![]() Bank has spread its presence in the overseas market via a branch in London and it manages Musandam Exchange Co and National Exchange Co at Muscat and Doha respectively. It has its headquarters base at Manipal in Karnataka. Syndicate Bank started its operations from Udupi in Karnataka and with time gained Pan-India presence. Place in the Marketing Mix Of Syndicate Bank :
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