Syndicate Bank is a commercial bank in India established in 1925 at Udupi and was nationalized by the Indian Government in 1969. Later Syndicate Bank shifted its headquarters to Manipal in Karnataka. Revenue of Syndicate Bank stands at 110 billion rupees.
It has more than 2708 branches spread across India. Syndicate Bank offers investment banking, consumer banking, corporate banking, finance and insurance solutions, Credit Cards, mortgages and several other banking services.
Syndicate Bank has merged into Canara Bank on April 1, 2020. The interest rates of Canara Bank will now be applicable on Syndicate Bank. Canara Bank assumed control over Syndicate Bank on 1 April 2020 with Syndicate Bank shareholders receiving 158 equity shares in the former for every 1,000 shares they hold.