 | |
| Formerly | Canara Industrial and Banking Syndicate Limited |
|---|---|
| Company type | Public |
| BSE: 532276 NSE: SYNDIBANK | |
| Industry | Banking Financial services |
| Founded | 1925 in Manipal, India |
| Founders | |
| Defunct | 1 April 2020 |
| Fate | Merged with Canara Bank |
| Successor | Canara Bank |
| Headquarters | , India |
Areas served | |
Key people |
|
| Products | Finance and insurance Consumer Banking Corporate Banking Investment banking Investment management Private equity Mortgages Credit cards |
| Revenue |  ₹23,949.22 crore (US$2.9 billion) (2019) |
| ₹2,819.19 crore (US$340 million) (2019) | |
 ₹−2,588.30 crore (US$−310 million)[verification needed] (2019) | |
| Total assets | ₹3,112,789.86 crore (US$370 billion) (2019) |
Number of employees | 34,054 (2019) |
| Capital ratio | 14.23% (2019) |
| Footnotes / references [1] | |
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 the government of India. It was headquartered in the university town of Manipal, India. On 1 April 2020, the bank was merged into Canara Bank.