Syndicate Bank was a public sector bank headquartered in Manipal, Karnataka — one of Karnataka’s oldest banks, founded in 1925. It merged into Canara Bank in April 2020 as part of the Finance Ministry’s PSU bank consolidation. Syndicate Bank no longer operates independently.
Syndicate Bank — Key Facts
| Founded | 1925 — Udupi/Manipal, Karnataka |
| Nationalised | 1969 |
| Status | Merged into Canara Bank — April 1, 2020 |
| Surviving Entity | Canara Bank (BSE: 532483 | NSE: CANBK) |
Who Owned Syndicate Bank?
Syndicate Bank was owned by the Government of India — nationalised in 1969. In April 2020, Syndicate Bank merged into Canara Bank as part of the 10-bank PSU consolidation. Canara Bank (government-owned, HQ Bengaluru) is the surviving entity. Syndicate Bank’s branches, accounts, and IFSC codes transferred to Canara Bank. See also: Canara Bank.