Syndicate Bank Recruitment Of Probationary Officers Through IBPS CWE, PO Scorecard and History of Syndicate Bank

Syndicate bank among the first Nationalized bank released the recruitment of Probationary Officers (PO) based on the scorecard of CWE (PO) IBPS Exam. All the successful candidates of IBPS CWE who got the scorecard may apply to this large nationalized bank. Details are below :

Payment of Application Fees Start: 02-1-2012 To 16-01-2012

Details of Vacancy:
There are total 1750 Vacancy out of which GEN : 885 , OBC : 472 , SC : 262 , ST : 131 , PWD : 54 (This seat will taken within general category only)

Gross Salary: Around Rs 24450/- including everything in Metro

Eligibility Criteria:
Age: Between 21 To 30 Years

Educational Qualification: 55% in Degree level for GEN and for others 50%

CWE SCORECARD WEIGHTAGE: Total Weighted Score (TWS) of 138+ out of 250 for General candidates, For SC/ST/OBC/PWD : 125/250

Fees Payment: 
All the successful candidates are needed to pay the fees through Online NEFT payment or through Challan at any of the bank branches.
For General candidates : Rs 200
For Others: Rs 50

SERVICE BOND: This is the new implementation at Syndicate Bank where each candidates need to fill the Service Bond for Two years or rs 1,00,000

Selection will be entirely based on the Weighted score of CWE and Interview Marks. It means bank will call only such candidates who are high at merit through IBPS CWE TWS Score.

Candidates need to apply online through Link, Pay the NEFT or Challan fees and enter the details on Online Application mode. The print copy of the online application with fees details in original must be carried to interview center if called. Without these details candidates will not be allowed in the interview.

Call Letter for Interview
Call letter for interview will be sent via post to candidates at the communication address appeared in the Scorecard of IBPS CWE.

Download the Details: Click Here
Download Challan Form: Click Here
Download NEFT Challan: Click Here

Download Important Questions With Answers: Click Here

Syndicate Bank History

Established in the year 1925, Syndicate Bank had its first office in the coastal region of Karnataka, Udupi. It was then named as 'Canara Industrial & Banking Syndicate Ltd'. The bank was initiated by a trio - Sri Upendra Ananth Pai, a businessman, Sri Vaman Kudva, an engineer and Dr.T M A Pai, a physician, with a capital of Rs. 8000. During that time, the crisis in the handloom industry crippled the local weavers completely. The main aim of Syndicate Bank was to provide financial assistance to them, by mobilizing small savings from the community.

Three years later, in 1928, the bank came up with Pigmy Deposit Scheme, in which it collected as little as 2 annas per day, at the doorsteps of the depositors through its agents. The scheme existing till date, earns the bank a sum of Rs. 2 crore daily. In the same year, Syndicate bank opened its first branch at Brahmavar in Dakshina Kannada District. It became a member of the Clearing House for the first time at Bombay, in 1937. Almost a decade later, Syndicate Bank opened 29 branches opened in a single day in rural areas. Its 100th branch opened at Ilkal in Karnataka in 1957.

The bank with its socio-economic aim was making extensive growth and advancement and entered Foreign Exchange business by opening Foreign Exchange Department at Bombay. In 1964, the bank changed its name to 'Syndicate Bank Limited' and the head office was also shifted from Udupi to Manipal. The bank had then set up an Economic Research Department, being one of the first few Banks to emphasize on research in Banking, even before nationalization. In 1971, it opened the first specialized branch in Foreign Exchange, in Delhi. Five years later, it opened its first overseas branch opened at London.

In 1984, Syndicate Bank opened its 1000th branch in Hauz Khas, Delhi. In the same year, it undertook the management of Musandam Exchange Co. in Muscat. Five years thence, in 1989, Syndicate Bank opened its 1500th branch at Kanakumbi. In 1999, it raised a capital of Rs. 125 Crore from its more than 4 lakh shareholders. Next year, in 2000, the bank established its first specialized Capital Market Services, at Mumbai. In 2003, Syndicate Bank entered into a MOU with Bajaj Allianz, for distribution of Life Insurance products. In 2004, Syndicate Bank amalgamated with United India Insurance Co. Ltd. for distribution of Non-Life Insurance products.

In 2004, Syndicate Bank also started utility bill payment services through Internet banking introduced. In 2005, the bank commenced the online reservation of railway tickets through Indian Railway Catering & Tourism Corporation Ltd for its customers. It was during this time that it entered into a MOU with SFAC for promoting of investments in Agri-business products. The 2000th branch was opened at Tondiarpet, Chennai, in 2006. In the same year, the bank commenced the first BPO outfit of a Nationalized Bank, SyndBank Services Limited. This was a wholly owned subsidiary of Syndicate Bank.

With the age of progressive banking, Syndicate Bank has created a name for itself in the last 80 years. Rooted in rural India, the Bank has a clear picture of the grass root realities and a vision of future India. Changing with the changing times, the Bank has well equipped itself with all the facilities of the new age, without, however, altering its distinctive socio-economic and cultural culture. Syndicate Bank's unique principle of mutual development, of both the Bank and the people, has won it a long list of clientele, which includes both the rural and the semi-urban class.

Products & Services
  • Deposits
  • Loans
  • Internet Banking
  • Insurance
  • Cash Management Services
  • ATM Services
  • Recovery Channel
  • NRI Services
  • Electronic Funds Transfer (EFT) System
  • SyndDemat (Depository Participant Services)
  • Syndicate Gift Cheques
Head Office
Head Office
Post Box No.1
Manipal - 576104
(Udupi Dist)  Karnataka, India
Phones (EPABX):   0820-2571181 to 2571196 (16 lines)

IBPS Interview Question ( HR and Technical Questions ) & Discussion
Usually for bank interviews, there will be 2 to 3 persons in the interview panel. Before the final interview, HR will check all the necessary documents needed and he can also ask few bank specific questions like CASA, Basel norms and profit of the bank, difference between various banking products etc. We are categorising the questions in 2 forms – HR Questions and Technical Questions -

The HR questions you can expect in your interview are:
  1. Tell me about yourself
  2. Tell me about your family
  3. Incase, if you are the only daughter/son in your family, will your parents allow you to work anywhere across India?
  4. What are your strengths and weaknesses?
  5. Don’t you think you are over qualified for this position?
  6. Why not software after engineering?
  7. Why did you leave your previous company?
  8. Why do you want to work here?
  9. Have you applied for any other banks?
  10. What do you know about your bank?
  11. Have you applied to other areas apart from banking?
  12. Where do you see yourself in 5 years from now?
  13. If you are female – Being a girl, if you are posted in unsafe place like Assam, will you continue to work with us?
  14. Did you prepare for the interview? What did you prepare? (questions will be asked from what you prepared)
  15. Have you attended any bank interviews before?
  16. Do you have any questions for us?
The Technical Questions which can be asked in a bank interview are -

  1. What do you know BASEL norms
  2. What is CAR? (Capital Adequacy Ratio)
  3. What is the current CRR and SLR?
  4. What is microfinance?
  5. Repo Rate and Reverse Repo rate?
  6. What is SEBI?
  7. What is inflation and deflation?
  8. What is mutual fund?
  9. What is IMF?
  10. What is ULIP?
  11. Do you have account in bank? Which bank? Why?
  12. Differences you see in a private and public bank.
  13. What is forex?
  14. What is Bank rate?
  15. Have you heard about KYC? what is KYC?


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