Syndicate Bank
Type	Public (BSE & NSE)
Founded	Udupi, 1925 (as Canara Industrial and Banking Syndicate Limited)
Headquarters	Head Office, Manipal, Karnataka India & Corporate Office Bangalore
Key people	Chairman C P SWARNKAR
Industry	Banking,Insurance,Capital Markets and allied industries
Products	Loans, Credit Cards, Savings, Investment vehicles, Bajaj Allianz Life Insurance (Insurance) etc.
Revenue	USD bil
Website	syndicatebank.in/

Syndicate Bank, established in 1925 in Udupi (Karnataka state, India) by Upendra Ananth Pai, Vaman Kudva and Dr, T. M. A. Pai, is one of the oldest and major commercial bank of India. At the time of its establishment, the bank was known as Canara Industrial and Banking Syndicate Limited. The bank, along with 13 other major commercial banks of India, was nationalized on 19th July, 1969, by the Government of India. Image File history File links No higher resolution available. ... A public company usually refers to a company which is permitted to offer its securites (i. ... The Bombay Stock Exchange The Bombay Stock Exchange Limited (formerly, The Stock Exchange, Mumbai; popularly called The Bombay Stock Exchange, or BSE) is the oldest stock exchange in Asia. ... The National Stock Exchange of India Limited (NSE), is a Mumbai-based stock exchange. ... Udupi (Kannada:ಉಡುಪಿ) is a temple town located in Udupi District, near Mangalore, Karnataka state, on the southwest coast of India. ... 1925 (MCMXXV) was a common year starting on Thursday (link will display the full calendar). ... Manipal is a small town in state of Karnataka, India. ... Karnātakā   (Kannada: ಕನಾ೯ಟಕ) (IPA: ) is one of the four southern states of India. ... Bangalore (proposed to be renamed Bengaluru) (Kannada: ; pronunciation: in Kannada and in English) is the capital of the Indian state of Karnataka. ... For other uses, see Bank (disambiguation). ... Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent loss. ... The capital market is the market for long-term loans and equity capital. ... Credit cards A credit card is a system of payment named after the small plastic card issued to users of the system. ... Revenue is a U.S. business term for the amount of money that a company earns from its activities in a given period, mostly from sales of products and/or services to customers. ... Green up arrow for a positive change in revenue from last fiscal year. ... The United States dollar is the official currency of the United States. ... A website (or Web site) is a collection of web pages, images, videos and other digital assets and hosted on a particular domain or subdomain on the World Wide Web. ... 1925 (MCMXXV) was a common year starting on Thursday (link will display the full calendar). ... Udupi (Kannada:ಉಡುಪಿ) is a temple town located in Udupi District, near Mangalore, Karnataka state, on the southwest coast of India. ... Karnātakā   (Kannada: ಕನಾ೯ಟಕ) (IPA: ) is one of the four southern states of India. ... Dr. T. M. A. Pai, a country doctor, educationist, banker and philanthropist, who by his futuristic vision changed the face of a hill top. ... (Redirected from 19th July) July 19 is the 200th day (201st in leap years) of the year in the Gregorian Calendar, with 165 days remaining. ... For the Stargate SG-1 episode, see 1969 (Stargate SG-1). ... The Government of India (Hindi: भारत सरकार Bhārat Sarkār), officially referred to as the Union Government, and commonly as Central Government, was established by the Constitution of India, and is the governing authority of a federal union of 28 states and 7 union territories, collectively called the Republic of India. ...

The business started with a capital of Rs. 8000. The first branch of the bank started its operations in the year 1928 at Brahmavar in Dakshin Kannada District. By 1937 it had secured its membership as a Clearing House at Mumbai. The primary objective of business was to extended financial assistance to local weavers. Initially the bank collected as low as 2 annas from the door steps of the depositors daily through its agents. This type of system where in the agents of the bank come doorsteps to collect deposit is still prevailing in India and is referred as Pigmy Deposit Scheme. Location of Dakshina Kannada district with respect to the other districts of Karnataka. ... A clearing house (or clearinghouse) is an organization affiliated with a securities or derivatives exchange that completes the transactions on that exchange by seeing to validation, delivery, and settlement. ... “Bombay” redirects here. ... Pigmy Deposit Scheme is a monetary deposit scheme introduced by Syndicate Bank, India. ...

From, 20 banks merged with the Canara Industrial and Banking Syndicate Limited this included the Maharastra Apex Bank Limited and Southern India Apex Bank Limited. The name of the bank was changed to Syndicate Bank Limited in the year 1963 and the head office of the bank was shifted to Manipal. The bank expanded its operations not only on the domestic front but also overseas. It took over Al Shabei Finance and Exchange Co. in Doha (1983) and Musandam Exchange Co. in Muscat (1984). By 1989 it opened its 1500th branch at Hauz Khas, Delhi. Currently it has over 1900 branches. Manipal is a small town in state of Karnataka, India. ... Hauz Khas is an area in Delhi, India. ... Delhi   (Hindi: , Urdu: , Punjabi: ), sometimes refered to as Dilli, is the second-largest metropolis in India after Mumbai with a population of 13 million. ...

Syndicate Bank sponsored the first regional rural bank in India by name Prathama Grameena Bank. The stocks of the Syndicate Bank are listed on Bombay Stock Exchange, National Stock Exchange, Mangalore Stock Exchange and Bangalore Stock Exchange.

In the News : Recently Syndicate Bank has achieved a rare feat of opening one million customer accounts in a span of 3 months.

See also

• Indian banking

In India, formal banking originated in the first decade of 18th century with The General Bank of India coming into existence in 1786. ...

External link

• Official website