Syndicate Bank announced that it has received INR 16.03 billion in funding from India

Syndicate Bank is an India-based bank, which provides a range of banking services. The Bank's segments include Treasury, Corporate/Wholesale Banking, Banking and Other Banking Operations. The Bank offers deposits, including current and term deposits; loans, including retail loans, agricultural loans and priority sector loan, small and medium enterprises (SME) loan and corporate finance. Its operative deposit products include Savings Bank Account and SyndSamanya Savings Bank Account. The Bank offers services, such as cash management services (CMS), real time gross settlement (RTGS), national electronic funds transfer (NEFT) for electronic fund transfer and speed clearing. Its delivery channels include automated teller machines (ATMs), Internet banking, mobile banking and short message service (SMS) banking. It operates over 3,700 branches. Its domestic branch network consists of over 1,230 rural, approximately 1,030 semi-urban, over 820 urban and approximately 680 metro branches.