Syndicate Bank Company Information

Posted by Amit Bhawani
February 6, 2008

Syndicate Bank

syndicate-bank

Company HistorySyndicate 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. The bank collected as low as 2 annas daily at the doorsteps of the depositors through its Agents under its Pigmy Deposit Scheme started in 1928. This scheme is the Bank’s brand equity today and the Bank collects around Rs. 2 crore per day under the scheme.

The progress of Syndicate Bank has been synonymous with the phase of progressive banking in India. Spanning over 80 years of pioneering expertise, the Bank has created for itself a solid customer base comprising customers of two or three generations. Being firmly rooted in rural India and understanding the grassroot realities, the Bank’s perception had vision of future India. It has been propagating innovations in Banking and also has been receptive to new ideas, without however getting uprooted from its distinctive socio-economic and cultural ethos. Its philosophy of growth by mutual sustenance of both the Bank and the people has paid rich dividends. The Bank has been operating as a catalyst of development across the country with particular reference to the common man at the individual level and in rural/semi urban centres at the area level.

The Bank is well equipped to meet the challenges of the 21st century in the areas of information technology, knowledge and competition. A comprehensive IT plan is being put in place and the skills and knowledge of the Bank’s personnel are being upgraded through a variety of training programmes to promote customer delight in every sphere of its activity. The Bank has launched an ambitious technology plan called Centralised Banking Solution (CBS) whereby 500 of our strategic branches with their ATMs are being networked nationwide over a 4 year period.

Company Background
Industry Name : Finance - Banks - Public Sector
House Name : Public Sector
Year Of Incorporation 1925

Regd. Office
Address : Manipal,.
District : Manipal
State : Karnataka
Pin Code : 576104
Tel. No. : 820-2571181
Fax No. : 820-2570266
Email : inrc@syndicatebank.co.in
Internet : http://www.syndicatebank.in
Auditors : Sriramamurthy & Co.

BSE: 532276
NSE: SYNDIBANK

List Of Directors
1 C P Swarnkar Chairman and Managing director
2 Kawaljit Singh Oberoi Non Official PartTime Director
3 J P Sharma Director
4 P J Vincent Director
5 George Joseph Executive Director
6 K S Shetty Director
7 S K Khanna Director
8 Vinod Goel Director
9 Vinay Kumar Sorake Director
10 K Seetharamu Director
11 Kamalakar M Shet Executive Director
12 Chaitra Chandramouliswaran Director
13 Dinkar S Punja Director
14 K R Das Nominee Director
15 Bhupinder Singh Suri Director

Location Details

Branch Office
F.I.M. Department, Maker Towers E, II Floor, Cuffe Parade,
Mumbai - 400005
Maharashtra - India
Phone : 22154232, 22154233
Fax : 22154133, 22154176
Email : synbkfim@vsnl.com
Corporate Office
Syndicate Bank Building 2nd Cross, Gandhinagar
Bangalore - 560009
Karnataka - India
Phone : 2283030
Fax : 2266495 2268718
Email : sbinrc@vsnl.net
Head Office
Manipal
Manipal - 576104
Karnataka - India
Phone : 2571181
Fax : 2570266
Email : inrc@syndicatebank.co.in

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