Published On: Thu, Feb 22nd, 2018


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The Associated Chambers of Commerce and Industry of India (ASSOCHAM), New Delhi, every year announces Social Banking Excellence Awards to recognize, reward and celebrate models of inclusive growth and sustainable development as well as innovative approaches to creating value for society and business together.

The13th Annual Social Banking Excellence awards 2017 were presented to the winners at the function held on 19th February 2017 at Mumbai.The nominee banks data was evaluated by the independent agency having understanding and experience of evaluating Social Banking parameters and financial statements of Banks and on the basis of evaluation, the winners are shortlisted.


Syndicate Bank has won two awards in the Large banking class

  1.     Winner : Priority Sector lending
  2.     Runner: Best Social Bank.

1.         Priority sector lendingrefers the lending to those sectors of the economy which are not getting timely and adequate credit in the absence of special dispensation which comprises loans under agriculture, MSME, housing for poor, education loans, various other loans to low income groups and weaker sections.

 2.    Best social Bank award aims at awarding those financial institutions that have been successful in creating a fundamentally strong and resilient social Bank which includes efforts made by Bank in complying PSL norms and CSR requirements.

The prestigious awards were presented to winners by Shri Shiv Pratap Shukla, Hon’ble Minister of State for Finance, Government of India. Sri M Mohan Reddy, General Manager, Priority Sector Credit Department, Corporate Office, Bangalore,has received the above two awards on behalf of Syndicate Bank.

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