Jayant Purushottam Gokhale has been appointed director of Syndicate Bank. The Centre has nominated Gokhale as part-time non-official director under the chartered accountants category for a period of three years. His appointment is subject to his resignation from the board of LIC Nomura Mutual Fund Asset Management Company, before joining the bank’s board.

Syndicate Bank is one of the oldest and major commercial banks of India and headquarter situated at Manipal, Karnataka, India. It was founded by T M A Pai, Upendra Pai and Vaman Kudva. 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. The Bank is headquartered in Manipal, Karnataka, India

The first branch of the bank started its operations in 1925 at Udupi, in Dakshin Kannada district in Karnataka state. By 1937, it had secured its membership as a clearing house at Mumbai.