Menu Close

Who is the chairman of Syndicate Bank?

Who is the chairman of Syndicate Bank?

Ajay Vipin Nanavati
Management – Syndicate Bank

Name Designation
Ajay Vipin Nanavati Chairman
S Krishnan Executive Director
Y Nageswara Rao Executive Director
Jayant Gokhale Director

What is Syndicate Bank called now?

Canara Bank
Syndicate Bank has merged into Canara Bank on April 1, 2020.

Is Syndicate Bank now Canara Bank?

On 30 August 2019, Finance Minister Nirmala Sitharaman announced that Syndicate Bank would be merged with Canara Bank. The Board of Directors of Canara Bank approved the merger on 13 September 2019. The Union Cabinet approved the merger on 4 March 2020.

Is syndicate a government bank?

Syndicate Bank is a Public Sector Bank. Syndicate Bank, along with 13 major commercial banks of India, was nationalised on 19 July 1969, by the Government of India.

Who founded Canara Bank?

Ammembal Subba Rao Pai
Canara Bank/Founders

Established in Mangalore in 1906 by Ammembal Subba Rao Pai, it is one of the oldest public sector banks in the country. The government nationalized the bank in 1969. As of 30 October 2017, the bank had a network of 6639 branches and more than 10600 ATMs spread across India.

Which bank is merged with Canara Bank?

Syndicate Bank
Syndicate Bank was merged into Canara Bank in April 2020 (File image)

Does Syndicate support UPI?

Syndicate Bank provides UPI (Unified Payments Interface) service using which you can quickly and easily access your Syndicate Bank accounts on your mobile and perform financial transactions.

Is Syndicate Bank merged with other bank?

Canara Bank is the fourth-largest public sector bank in the country after its amalgamation with Syndicate Bank in April 2020, it was noted.

Is UCO a government bank?

Founded in 1943, UCO Bank is a commercial bank and a Government of India Undertaking. Its Board of Directors consists of government representatives from the Government of India and Reserve Bank of India as well as eminent professionals like accountants, management experts, economists, businessmen, etc.

Is Syndicate Bank merging?

In April last year, Syndicate Bank was merged into Canara Bank. While the merger came into effect in April 2020, the IFSC and MICR codes are updating from the starting of Financial Year 2022, i.e. from April 1, 2021.

Who is the current chairman of Syndicate Bank?

Ajay Nanavati, current chairman of Syndicate Bank. Former managing director of 3M India, the only publicly listed subsidiary. Moreover, Nanavati worked for the Birla Group and later moved to 3M when it started as Birla 3M in India in 1988.

When was Canara Bank merged into Syndicate Bank?

The bank, along with 13 major commercial banks of India, was nationalised on 19 July 1969, by the Government of India. The Bank was headquartered in the university town of Manipal, India. On 1 April 2020, the bank was merged into Canara Bank. Syndicate Bank was founded in 1925 in Manipal, Udupi, Princely State of Mysore.

Where was the first Syndicate Bank in India?

The first branch of the bank started its operations in 1925 at Udupi in Dakshin Kannada district in Karnataka state. By 1937, it had secured its membership as a clearing house at Mumbai. The primary objective of the business was to extend the financial assistance to local weavers.

Is there a Syndicate Bank in Mangalore?

Syndicate Nitte School of Banking. Syndicate Nitte School of Banking (SNSB) is a joint venture between Syndicate Bank and Nitte Educational International Pvt. Ltd. (NEIPL). It operates one centre each at Mangalore and Greater Noida.