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Syndicate Bank
What Does Syndicate Bank Do?
Syndicate Bank was one of the oldest and major commercial banks of India. Founded in 1925 in Udupi, Karnataka by T. M. A. Pai, Upendra Pai, and Vaman Kudva, it was nationalized in 1969 by the Government of India. Known for its customer-centric approach and significant presence in South India, Syndicate Bank played a vital role in rural financing and empowering small enterprises. Effective April 1, 2020, Syndicate Bank was amalgamated into Canara Bank as part of the Indian government's consolidation plan for public sector banks. All branches and operations of Syndicate Bank now function under the Canara Bank name and umbrella.
Where Is Syndicate Bank's Headquarters?
HQ Function
Served as the central administrative hub, overseeing strategic planning, policy formulation, risk management, and overall banking operations for Syndicate Bank before its merger.
Notable Features:
The Manipal head office was a key landmark in the university town, symbolizing the bank's deep-rooted connection to its place of origin. It was a functional building designed to support the bank's extensive administrative needs.
Work Culture:
The work culture at Syndicate Bank's HQ, typical of public sector undertakings, emphasized job security, procedural adherence, and a commitment to public service and national banking objectives.
HQ Significance:
The Manipal HQ was significant as the birthplace and nerve center of a bank that grew to national prominence, contributing substantially to financial inclusion and economic development in its operational regions.
Values Reflected in HQ: The headquarters embodied values of trust, community focus, financial stability, and service to the nation, core principles of Syndicate Bank.
Location:
With the amalgamation of Syndicate Bank, Canara Bank strengthened its domestic presence significantly. Internationally, Canara Bank operates through branches in London, New York, Hong Kong, and DIFC (Dubai), along with representative offices in Sharjah (UAE) and Moscow (Russia). These global touchpoints facilitate international trade, foreign exchange services, NRI banking, and correspondent banking relationships.
Street Address:
Door No. 16/355 & 16/365A, H.O. Building
City:
Manipal
State/Province:
Karnataka
Country:
India
Where Else Does Syndicate Bank Operate Around the World?
Nationwide, India & select international locations (as Canara Bank)
Address: Prior to its merger, Syndicate Bank had over 4,000 branches across India. Post-amalgamation on April 1, 2020, all these locations operate as Canara Bank branches. Canara Bank has an extensive network of over 9,500 domestic branches and multiple international offices.
To serve diverse customer needs across various geographies, ensuring financial accessibility and contributing to regional economic growth, a role now fulfilled by the expanded Canara Bank network.
Buying Intent Signals for Syndicate Bank
Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.
Who's Leading Syndicate Bank? Meet the Executive Team
As of April 2025, Syndicate Bank' leadership includes:
Who's Investing in Syndicate Bank?
Syndicate Bank has been backed by several prominent investors over the years, including:
What Leadership Changes Has Syndicate Bank Seen Recently?
Syndicate Bank ceased its independent operations after its amalgamation with Canara Bank on April 1, 2020. Consequently, there are no executive hires or exits attributable to 'Syndicate Bank' as a standalone entity in the last 12 months. Any leadership changes occur within Canara Bank's structure.
What Technology (Tech Stack) Is Used bySyndicate Bank?
Discover the tools Syndicate Bank uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.
Syndicate Bank Email Formats and Examples
Following the merger of Syndicate Bank with Canara Bank, email addresses using the @syndicatebank.co.in (or similar historical domains) are no longer operational. All official communications are now handled through Canara Bank's email system (typically using the @canarabank.com domain). For historical reference, Syndicate Bank likely used common public sector bank email patterns.
Historically, formats like `[initials][lastname]@syndicatebank.co.in` or `[location].[department]@syndicatebank.co.in` might have been used. This is no longer active. Canara Bank's current formats may vary, often `[name]@canarabank.com`.
Format
example.historical@syndicatebank.co.in (No longer active)
Example
0%
Success rate
What's the Latest News About Syndicate Bank?
Reserve Bank of India / Press Information Bureau • April 1, 2020
Syndicate Bank Merges with Canara Bank as Part of PSB Consolidation
Effective April 1, 2020, Syndicate Bank was amalgamated into Canara Bank. This merger was part of the Indian government's plan to consolidate public sector banks to create stronger and more efficient banking institutions. All branches of Syndicate Bank now function as branches of Canara Bank....more
The Economic Times • March 5, 2020
Cabinet Approves Mega Merger of Public Sector Banks, Including Syndicate Bank with Canara Bank
The Union Cabinet approved the amalgamation of ten public sector banks (PSBs) into four larger entities, set to take effect from April 1, 2020. Under this plan, Syndicate Bank was slated to merge with Canara Bank, creating the fourth-largest public sector bank in India by assets....more
Various Historical Archives / Government of India Notifications • July 19, 1969
Syndicate Bank Nationalized by Government of India
Syndicate Bank was one of the 14 major commercial private banks nationalized by the Government of India on July 19, 1969, under the Banking Companies (Acquisition and Transfer of Undertakings) Ordinance, 1969. This move aimed to give the state more control over credit delivery and promote financial inclusion across the country....more
Bank Historical Records • October 20, 1925
Syndicate Bank Founded as Canara Industrial and Banking Syndicate Limited
Syndicate Bank was originally established as Canara Industrial and Banking Syndicate Limited in Udupi, Mysore State (now Karnataka), by T. M. A. Pai, Upendra Ananth Pai, and Vaman Srinivas Kudva. It aimed to extend financial assistance to local communities....more
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