BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Syndicate Bank was established in 1925 in Udupi, the abode of Lord Krishna in coastal Karnataka with a capital of Rs.8000. Name the Chairman of Syndicate Bank?
A
Kamal Kishore Singhal
B
Ajay Vipin Nanavati
C
Melwyn Rego
D
S Krishnan
Explanation: 

Detailed explanation-1: -Syndicate Bank was founded in 1925 under the name ‘Canara Industrial and Banking Syndicate’ in Udupi, Karnataka with seed capital of Rs. 8000. It was established by three visionaries Sri Upendra Ananth Pai, a businessman, Sri Vaman Kudva, an engineer and Dr.

Detailed explanation-2: -At the time of its establishment, the bank was known as Canara Industrial and Banking Syndicate Limited. The bank, along with 13 major commercial banks of India, was nationalised on 19 July 1969, by the government of India.

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