Syndicate Bank has plans to open 500 ATMs and 300 branches this fiscal. But not all new branches will have ATMs. Even among the existing branches, many do not have ATMs. This is because the bank has 2,710 branches and 1,210 ATMs. The new CMD of the bank, MG Sanghvi, has decided that only those branch managers who provide a confirmation that they will issue at least 3,000 ATM cards will be eligible for ATMs at their branches. This will not only inspire competition among branches, but eventually improve business volumes of the bank.
ET
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