[nilesh]

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Hii sir, I Wants to know the Year of Establishment of the Syndicate Bank Will you Please Provide It ?

[prince karak]

Syndicate Bank is one of the oldest and major commercial banks of India. It was founded by T M A Pai, Upendra Pai and Vaman Kudva. At the time of its establishment, the bank was known as Canara Industrial and Banking Syndicate Limited.

Year of Establishment

Syndicate Bank was established in 1925 in Udupi, the abode of Lord Krishna in coastal Karnataka with a capital of Rs.8000/- by three visionaries - Sri Upendra Ananth Pai, a businessman, Sri Vaman Kudva, an engineer and Dr.T M A Pai, a physician - who shared a strong commitment to social welfare. Their objective was primarily to extend financial assistance to the local weavers who were crippled by a crisis in the handloom industry through mobilising small savings from the community

Key Financial

Revenue
Decrease ₹6,913.09 crore (US$1.1 billion)(2017)

Operating income
Increase ₹1,514 crore (US$240 million) (2017)

Net income
Increase ₹359 crore (US$56 million) (2017)

Total assets
Decrease₹299,073.34 crore (US$47 billion) (2017)

Owner Government of India
Number of employees
34,989 (March 2017)


Products
Finance and insurance
Consumer Banking
Corporate Banking
Investment Banking
Investment Management
Private Equity
Mortgages
Credit Cards

Board of Director
Sri Ajay Vipin Nanavati
Chairman

Mr Melwyn Rego
Managing Director & CEO

Shri CH. S. S. Mallikarjuna Rao
Executive Director

Sri S. Krishnan
Executive Director

Shri R N Dubey
Government Nominee Director

Shri Jayant Gokhale
CA Director

Ms. Vandana Kumari Jena
Nominee Director

Shri G Ramesh
Nominee Director

Shri Kamal Kishore Singhal
Shareholder's Director

Shri Sunil Vashisht
Shareholder Director