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Syndicate Bank branch at Lighthouse Hill Road in Mangalore. Syndicate Bank was founded in 1925 in Manipal, Udupi, Madras Presidency, British India.The promoters came from a lower-middle-class background and aimed to improve the socioeconomic status of the region.
Prathama Bank, with head office in Moradabad, Uttar Pradesh was the first RRB. It was sponsored by Syndicate Bank and had an authorized capital of Rs. 5 crore. [2]
In the fiscal year 2005-06, Canara Bank became India's second-largest public sector bank in terms of advances and deposits. The bank changed its name to Canara Bank Limited in 1910 when it incorporated. [5] In 2002-03, the bank went in for its Initial Public Offer and raised Rs.110 crores. [2] The India government holds a 73% stake in Canara Bank.
Vaman Srinivas Kudva (Kannada: ವಾಮನ್ ಶ್ರೀನಿವಾಸ್ ಕುಡ್ವ; 9 June 1899 – 30 June 1967), popularly called V. S. Kudva, was a founding director of Syndicate Bank, one of the oldest and major commercial banks of India. [1] [2]
His work focuses on erasing misconceptions about Islam in India and nurturing a more positive outlook towards Islam. A post-graduate with a gold medal in Kannada literature from Mysore University, Bolwar is a retired chief manager for Syndicate Bank's Bangalore Corporate Office. [1]
Synd iNNOVATE 2019 was the National Level Hackathon conducted by Syndicate Bank in September 2019 to encourage Innovation in Banking Industry. [1] [2] It attracted more than 3,500 ideas [3] from applicants from all over India out of which final 40 teams were called for Onsite Hackathon. [4] [5] [6] [7]
Syndicated loans are loans underwritten by a bank syndicate and are more common in the US, where financial markets are in corporate ownership rather than private equity markets as in Europe or South America. Syndicates have a lead lender that originates the loan and subordinated lenders that participate in the loan.
George Joseph is chairman and non-executive independent director at Wonderla Amusement Park and Resort, non-executive independent director at Muthoot Finance and he is the ex-chairman and managing director of Syndicate Bank. He took over as the chairman and managing director on 2 August 2008. He joined Syndicate Bank in April 2006 as executive ...