Syndicate Bank Registered Office: Manipal - 576104
Syndicate Bank was established in Udupi, coastal Karnataka, the abode of Lord Sri Krishna, with a capital of just Rs. 8000 / -. He was a businessman, engineer and doctor respectively on October 20, 1925, by Pai and had a firm faith in social welfare. Their main objective was to provide financial assistance to the local weavers by collecting small savings from the society as the situation in the handloom industry worsened due to the crisis in the handloom industry. The bank, through its agents, started in 1928, used to collect nominal amounts of two arrivals daily by reaching the door-to-door of the depositors through its agents. The scheme has become the brand equity of the bank today and the bank is collecting an amount of Rs.2 crores per day under this scheme.
Pragati Yatra of SyndicateBank has been synonymous with various stages of progressive banking in India. The Bank has built a strong customer base consisting of two or three generations of customers over a long period of 80 years due to its guiding role and visionary policies. The bank has a vision of a future India, with its strong hold in rural areas and a broad understanding of the ground reality. The bank has benefited immensely from its fundamentals of achieving progress through mutual support of both the bank and the public. The bank is acting as a catalyst across the country at the individual level in terms of the common man and at the regional level in the context of rural / semi-urban centers.
The bank is committed to successfully meeting the challenges of the 21st century in the fields of information technology, knowledge and competition. A comprehensive Supra. The scheme has been formulated and the skills and knowledge of bank employees are being enhanced through various training programs to further enhance customer delight in all their activities. The bank has launched an ambitious technology scheme called Centralized Banking Solution, whereby our major 500 branches are able to operate their ATMs over a period of four years. Including countries will be connected to a wide network. Our bank is a pioneer among the public sector banks in the launch of CBS. Our bank has implemented CBS in its branches. As such, this bank is 100% CBS enabled.
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