• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Ahmedabad, Nov. 17 Syndicate Bank has become the first bank in the country to launch a new facility for online submission of requests seeking credit facilities by the small and medium enterprises (SMEs), students for higher education loan under the Syndvidya Scheme, and others.

The facility, made available through its Web site, www.syndicatebank.in, can also be used by traders and individuals wanting to avail themselves of a housing loan, Mr K.U. Vasanth Rao, General Manager, said here on Friday. Syndicate Bank is leveraging technology for better customer service, ensuring hassle-free process of getting loans by prospective clients with faster decisions.

The applicant would get an acknowledgement of the form automatically, with a unique reference ID, enabling him/her to track the status of their application.

The bank has also asked its regional offices to process the loan applications immediately and convey it to the application provided the application was found in order.

The system would facilitate the bank to increase flow of credit to the SMEs and other sectors. Most of the applications found in order would be settled in three to four weeks.

More Stories on : Credit Market | E-Commerce & E-Business | Public Sector Banks

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Doha Bank of Qatar to launch India oriented MF

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line