GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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1915
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1925
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1935
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1945
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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: -Established in the year 1925, Syndicate Bank had its first office in the coastal region of Karnataka, Udupi. It was then named as ‘Canara Industrial & Banking Syndicate Ltd’. The bank was initiated by a trio-Sri Upendra Ananth Pai, a businessman, Sri Vaman Kudva, an engineer and Dr.
Detailed explanation-3: -1925-The Bank was founded at the temple town of Udupi on October 20, as Canara Industrial and Banking Syndicate Limited.
Detailed explanation-4: -Amalgamation of Syndicate Bank into Canara Bank.