Arun Shrivastava, the Executive Director of Bank of India, has been promoted to Managing Director and Chief Executive Officer of Syndicate Bank. The post has been lying vacant since the arrest of Jain in August 2014. Jain was arrested by CBI for allegedly taking a bribe of Rs 50 lakh for increasing credit limit of some companies.
Tidbits
- Syndicate Bank was nationalized along with 13 major commercial banks of India on 19 July 1969, by the Government of India.
- Syndicate Bank was previously known as Canara Industrial and Banking Syndicate Limited.
- The name of the bank was changed in 1964 and the head office of the bank was shifted to Manipal.
- The bank has more than 3500 branches and all branches are offering corebanking-e-banking services.
- Syndicate Bank has one branch in London, United Kingdom.
- The Bank’s logo has a Dog Picture in it. The logo of the bank is in sync with Bank’s motto – ‘Faithful and Friendly‘.
- The bank is sponsoring 3 Regional Rural Banks.
- Prathama Bank
- Karnataka Vikas Grameena Bank
- Andhra Pragathi Grameena Bank
GK Questions
- Who founded the Syndicate Bank? T M A Pai,Upendra Pai and Vaman Kudva.
- Which Bank has the tagline “Good people to grow with”? Indian Overseas Bank.
- Which Bank’s tagline is “Good People to Bank with”? Union Bank of India.
