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Syndicate Bank plans to expand its overseas operations by opening branches in South Africa, UAE, Hong Kong, China and Thailand, according to Sudhir Kumar Jain, the bank’s Chairman and Managing Director.
At present, the bank has an overseas branch in London. Besides overseas branches, the bank also plans to open more mid-corporate branches to cater to the micro, small and medium enterprises.
The bank also has plans to recruit 2,700 new officers and 2,300 clerks as part of the expansion this year.
It has also envisaged plans to improve the skills of the employees by imparting training to groom them for future assignments.
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