A recent press report said that Syndicate Bank has set up two loan processing centres for the small and medium enterprise (SME) segment on a pilot basis. The bank has planned to set up these SME loan processing centres at Bangalore and New Delhi.
The bank on a pilot basis, has decided to set up SME loan processing units at two centres, and take it forward to other locations based on the response. The bank currently has 11 centralized processing centres (CPCs) for advances across the country, and seven loan processing units for housing loans.
Reports said that the bank’s home loan portfolio stands at about Rs 10,000 crore with over 1.6 lakh borrowers, and it expects the home loan segment to grow 25 per cent every year. The bank has home loan processing units at all lead districts, and is planning to extend them to other centres.
Reports also said that the bank has 29 loan processing units for micro, small and medium enterprises (MSME) segment, and this portfolio stands at around Rs 13,000 crore and the MSME segment covers about 15 per cent of its total loan portfolio.