Project report on Syndicate Bank

Page 59

ORGANISATION STUDY etc. which are introduced at a very nominal minimum balance and no hidden charges.

Strategies for 2007-08  Corporate theme for the year- “Acquire Accounts Aggressively, Add Core Deposits Continuously”  Year also marked as-Year of NPA resolution

(5). System: The systems and procedures of the bank are a time tested one on sound and scientific foundation. The systems and procedures are well defined and are available with all the hierarchy as no need to know basis. The recently developed best practice codes and the best behavioral practices are the guiding factors of the systems prevailing. The well structured process manuals are available for all the functional areas, be it business or administration or inspection and audit.

(6). Staff: The staff composition is so mixed and having experience and loyalty to the institution as the core credentials reflecting the customer’s loyalty and ethics. The bank has ventured into a recruitment drive at all levels to ensure the mix of experience and youth at appropriate level and also to ensure the age profiles of the cadres match with technological advancement. An ongoing annual promotional process to ensure blending of experience and expertise to be brought to the fore. A balanced team of executives guide the operations. The bank had a total staff strength of 28000 as on 31 -03 -2007.where as the strength of Udupi is 85. And per employee productivity on that date is

PRASHANTHA SHETTY K, B. B. M. FINAL YEAR REG. NO. 050080049 BHANDARKARS’ ARTS & SCIENCE COLLEGE, KUNDAPURA

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