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Syndicate Bank was one of the oldest major commercial banks in India. It was founded by Upendra Ananth Pai, T. M. A. Pai and Vaman Srinivas Kudva. At the time of its establishment, the bank was known as Canara Industrial and Banking Syndicate Limited. The bank, along with 13 major commercial banks of India, was nationalised on 19 July 1969, by ...
A syndicated loan is one that is provided by a group of lenders and is structured, arranged, and administered by one or several commercial banks or investment banks known as lead arrangers. The syndicated loan market is the dominant way for large corporations in the U.S. and Europe to receive loans from banks and other institutional financial ...
Ramesh Pai (Brother) T. M. A. Pai (Uncle) Ramdas Pai (Cousin) Tonse Ananth Pai (abbreviated: T. A. Pai), (17 January 1922 – 29 May 1981) was an Indian banker and politician, who was responsible for the success of Syndicate Bank as its general manager and later as chairman. He is also the founder of T. A. Pai Management Institute.
Vaman Srinivas Kudva. 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]
The Merriam Webster Dictionary defines syndicate as a group of people or businesses that work together as a team. This may be a council or body or association of people or an association of concerns, officially authorized to undertake a duty or negotiate business with an office or jurisdiction. It may mean an association of racketeers in ...
In 1996, Canara Bank became the first Indian Bank to get ISO certification for "Total Branch Banking" for its Seshadripuram branch in Bangalore. Canara Bank has now stopped opting for ISO certification of branches. On 30 August 2019, Finance Minister Nirmala Sitharaman announced that Syndicate Bank would be merged with Canara Bank.
Pigmy Deposit Scheme is a monetary deposit scheme introduced by Syndicate Bank, India in 1928. [1] Initially, money as small as two anaas (an anna is a monetary unit of India, equal to one sixteenth of a rupee) can be deposited into an account on a daily basis in the pigmy deposit scheme in 1928. [2] Money in amounts as small as five rupees can ...
Padma Shri (1972) Tonse Madhava Ananth Pai (30 April 1898 – 29 May 1979), was an Indian physician, educationist, banker and philanthropist, most well-known for building the university town of Manipal, India. He was the first to start a private, self-financing medical college offering MBBS in India. Pai established the Kasturba Medical College ...