Friday, July 13, 2012

Syndicate bank SME Funding

Syndicate Bank by revisiting its existing micro and small enterprises products now has brought
all of them under one umbrella - 'SyndMSE' and have come out with a reduced interest rate, margin
and liberalized terms and conditions to micro and small enterprises. Further to encourage micro
enterprises, rebate in interest rate for prompt repayment has also been introduced. The bank's board has also approved a policy for restructure/rehabilitation of potentially viable MSME units.

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