Website:http://syndicatebank.in/
 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.
Their objective was primarily to extend financial assistance to the
local weavers who were crippled by a crisis in the handloom industry
through mobilising small savings from the community. The bank collected
as low as 2 annas daily at the doorsteps of the depositors through its
Agents under its Pigmy Deposit Scheme started in 1928. |