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RETAIL BANKING | Cesar Tordesillas, India

India's Syndicate Bank eyes 15% loan growth

Syndicate Bank hopes to achieve a loan growth of 15 percent and net interest margin of over 3 percent in 2012-13.

"We are estimating about 15 percent loan growth, that we are likely to achieve....Net Interest Margin ( NIM) actually we are targeting 3 per cent plus for the year and that we will definitely meet," said Syndicate Bank Executive Director Ravi Chatterjee. 

In 2011-12, Udupi-based public sector lender's global advances grew by 15.94 per cent to Rs 1,25,617 crore.

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