Who is the owner of Syndicate Bank | wiki

What Is Syndicate Bank
Syndicate Bank, a financial institution from India. Know more about the owner of Syndicate Bank and more organization information. Syndicate Bank, one of the major public sector financial institution and a colonist amongst Public Sector Banks on launching CBS. 

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  • About the owner of Syndicate Bank

Owner of Syndicate Bank Limited
Syndicate Bank, incorporated in the year 1925. Commenced at the temple town of Udupi, Karnataka on October 20, formerly called Canara Industrial and Banking Syndicate Limited.

Indian Goverment is the owner of Syndicate Bank. Syndicate Bank Limited, headquartered in the university town of Manipal, India.

The foundation of Syndicate Bank, laid by Upendra Ananth Pai, T M A Pai, and Varman Kuduva. The initial capitation of the firm was laid with just Rs. 8000/-. In fact, the primary objective of the organization was to extend financial support to the local weavers hurt by the stress in the handloom industry over mobilizing petty savings from the community.

The bank collected as low as 2 annas every day at the doorsteps of the depositors completed by its Agents following its Pigmy Deposit Scheme started in 1928. Even today the scheme exists, and under the scheme alone bank collects more than 2 Crores today. The bank,  nationalized on 19 July 1969 along with 13 major commercial banks of India, by the Government of India.

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  • About The Syndicate Bank Limited Wiki

Some Information About The Company / Company Wiki
Company NameSyndicate Bank
Official Website www.syndicatebank.in
Founder


Owner

 Upendra Ananth Pai, T M A Pai, and Vaman Srinivas Kudva.


Government of India

Founded October 20, 1925
CEO Mr. Melwyn Rego
Status Active
Head OfficeBengaluru, India
Address  Syndicate Bank Building 2nd Cross, Gandhinagar Bengaluru – 560009
 Customer Care

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Company Official Logo
Owner of Syndicate Bank India -Wiki - Logo - profile

Owner of Syndicate Bank India -Wiki – Logo – profile

  • Details of the owner of Syndicate Bank(Wiki)

Full Information about the owner of Syndicate Bank

Syndicate Bank, owned by Indian Government. Since the date, the bank got nationalized.

Ajay Nanavati, current chairman of Syndicate Bank. Former managing director of 3M India, the only publicly listed subsidiary. Moreover,  Nanavati worked for the Birla Group and later moved to 3M when it started as Birla 3M in India in 1988. Eventually moved to Singapore, Austin, Minneapolis and Tel Aviv before moving back to Bangalore to head 3M’s.

Mr. Melwyn Rego, current Managing Director & CEO of Syndicate Bank. Notably, an MBA rank holder in finance from Symbiosis Institute of Business Management, Pune. Prior to his assignment as MD & CEO of Bank of India, he worked for IDBI Bank Ltd as theDeputy Managing Director. Rego started his career as a banker and has been with IDBI Bank Ltd since 1984.

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  • Details of the Company

Full Information about the Syndicate Bank India
Owner of Syndicate Bank India -Wiki - Logo

Owner of Syndicate Bank India -Wiki – Logo

For the most part, in the year 1928, The Bank introduced an innovative savings scheme, namely Pigmy Deposits, owing to the purpose to mobilize small savings and the Bank eventually took the `Small Man’s Big Bank‘ name. With the progress in banking systems in India, Syndicate Bank too saw the unveiling growth of itself.

Syndicate always existed as a catalyst for the common people in India and eventually leading to the betterment of the country.

Notably by 2008, the whole branch chain of the Bank assumed 2,169 in numbers, including 644 rural,508 urban, 492 semi-urban,  and another 52 metro branches. In addition, the Bank also has 21 specialized SME branches,  9 satellite offices, 11 extension counters and 1 SB sub-office.

Finally, The bank grew its network from the domestic phase to the overseas. It has a branch in London. And the bank manages National Exchange Co. in Doha and Musandam Exchange Co. in Muscat.

The bank is extending training and credit facilities for women empowerment and self-employment generation.

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  • Syndicate Bank India Limited customer care

Full List of contact customer care of Syndicate Bank India

Debit Cards

  • 9483522433
  • 080-25125300

Credit Cards and inquiries

  • 022-40426003
  • 1800 425 5784

Others

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