Syndicate Bank is one of the oldest and major commercial banks of India. It was founded by T M A Pai, Upendra Pai and Vaman Kudva. At the time of its establishment, the bank was known as Canara Industrial and Banking Syndicate Limited.

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About Syndicate Bank

Syndicate Bank was established in 1925 in Udupi, the abode of Lord Krishna in coastal Karnataka with a capital of Rs.8000/- by three visionaries - Sri Upendra Ananth Pai, a businessman, Sri Vaman Kudva, an engineer and Dr.T M A Pai, a physician - who shared a strong commitment to social welfare.

The progress of Syndicate Bank has been synonymous with the phase of progressive banking in India. Spanning over 93 years of pioneering expertise, the Bank has created for itself a solid customer base comprising customers of two or three generations. Being firmly rooted in rural India and understanding the grassroot realities, the Bank's perception had vision of future India. It has been propagating innovations in Banking and also has been receptive to new ideas, without however getting uprooted from its distinctive socio-economic and cultural ethos. Its philosophy of growth by mutual sustenance of both the Bank and the people has paid rich dividends.

Vision of the Bank

Be a leading financial strong universal bank,creating value for stakeholder through customer centric,technology driven and employee friendly appoarch.

Mission of the Bank

Be a highly recognized and visible brand,known for its customer service.

Branches

Bank is having branches in India in the following States/UTs :

  • Andaman And Nicobar Island
  • Andhra Pradesh
  • Arunachal Pradesh
  • Assam
  • Bihar
  • Chandigarh
  • Chhattisgarh
  • Dadra And Nagar Haveli
  • Daman And Diu
  • Delhi
  • Kerala
  • Madhya Pradesh
  • Maharashtra
  • Manipur
  • Meghalaya
  • Mizoram
  • Nagaland
  • Odisha
  • Puducherry
  • Punjab
  • Rajasthan
  • Sikkim
  • Tamil Nadu
  • Telangana
  • Goa
  • Gujarat
  • Haryana
  • Himachal Pradesh
  • Jammu And Kashmir
  • Jharkhand
  • Karnataka
  • Uttar Pradesh
  • Uttarakhand
  • West Bengal
  • Tripura

Services

Services provided by Syndicate Bank are as follows :

1.Point of Sales(POS)

The Bank has ventured into the Acquiring Business (Merchant Establishment-POS Business through Electronic Data Capturing), empowering customers having Establishments / Shops / Educational Institutions, thus meeting all requirements.

2.Remittances/transfer Of Funds

Remittance/ Transfer of funds can be effected through:

  • Purchase of Demand Drafts.
  • On line transfer of money from one Branch to an account with another Branch of the Bank.
  • Bank has also tied up with Western Union Money Transfers for extending money transfer facilities.

3.Collection Of Cheques/bills

The public can collect the local or outstation cheques/bills drawn on our branches or branches of other banks through all our branches subject to payment of prevalent charges. The Bank is offering Cash Management Services (CMS) enabling speedy collection of receivables of corporates at select branches. The discounting of cheques/bills is also considered at the request of the customers based on the conduct of their accounts.

4.Safe Deposit Lockers

The bank offers the facility of Safe Deposit Lockers to the public for safe keeping of the valuables/ articles and the locker rent depends on the size of the lockers.

Initiatives

The initiatives taken by Syndicate Bank :

Project Ananya

Bank has embarked on a large scale transformation programme called “Project Ananya”. The project is a flagship programme to provide customers with the “best in class” services while improving and modernizing the whole Bank. “Ananya” project is aimed to achieve excellence in four key Business areas – Business Process Re-engineering, Digital Banking, Sales & CRM and HR Development.

Digitalization of Villages

In line with fulfilling Government’s Digital India programme, Bank has declared one village in Anantapuramu and Kadapa districts of Andhra Pradesh as 100 percent digitalized villages. Subsequently, one village each in Siddipet, Mathura, Dakshina Kannada, Prakasam, Dharawad, Nellore, Ballari districts and five villages in Kurnool district have been 100 percent digitalized. As SLBC convener, Bank organized 4 Digi-Dhan melas in coordination with state government in Karnataka and one mela in Lakshadweep by UTLBC

Industrial Relations

Your Bank has been taking measures towards conducive working atmosphere to ensure that its human power is well-equipped, motivated and actively participates in the growth of the business of the bank. Industrial Relations in the Bank has been cordial and harmonious facilitating all-round growth in the Business of the Bank. The Unions/Associations have also been responsive and proactive to the corporate goals. Your Bank celebrates Women’s Day to recognize and appreciate the contribution of women staff members.

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