Syndicate Bank SWOT Analysis, Competitors & USP

Syndicate Bank

Parent Company

Government of India

Category

Banking services

Sector

Banking & Financial Services

Tagline/ Slogan

Faithful Friendly

USP

Strong commitment to social welfare

Syndicate Bank STP

Segment

Urban and Rural banking

Target Group

All age and earning groups

Positioning

Complete Banking  solutions

Syndicate Bank SWOT Analysis

Strengths

Below is the Strengths, Weaknesses, Opportunities & Threats (SWOT) Analysis of Syndicate Bank. Strengths are:

1.  Financial products for rural sector
2.  Innovative schemes for agriculture sector
3.  Emphasis on I. T support
4. Has employee strength of over 25,000 employees
5. Syndicate Bank has achieved a rare feat of opening one million customer accounts in a span of 3 months

Weaknesses

Here are the weaknesses in the Syndicate Bank SWOT Analysis:

1. Less penetration in the country

2. Low branding and advertising as compared to other banks
3. Lack of retail banking and low customer service as compared to bigger banks in India

Opportunities

Following are the Opportunities in Syndicate Bank SWOT Analysis:

1. Small scale business banking
2.  International banking

Threats

The threats in the SWOT Analysis of Syndicate Bank are as mentioned:

1.  Economic crisis
2.  Highly competitive environment
3. Stringent Banking Norms

Syndicate Bank Competition

Competitors

Below are the top 5 Syndicate Bank competitors:

1.  Indian bank
2.  Corporation Bank

3.  Dena bank
4. Allahabad Bank
5. Central Bank of India