RRB Sponsored by Syndicate Bank

Hello, I want to know the details of the regional rural banks that are sponsored by the Syndicate Bank. Please provide me.

[Kiran Chandar]

Hello, here I am providing you the details of the regional rural banks that are sponsored by the Syndicate Bank as under:

RRB Sponsored by Syndicate Bank
Syndicate Bank sponsored the first regional rural bank in India by name Prathama Bank, in Moradabad district Uttar Pradesh on 2 October 1975. The stocks of the Syndicate Bank are listed on Bombay Stock Exchange, National Stock Exchange, Mangalore Stock Exchange and Bangalore Stock Exchange. Syndicate Bank made a partnership with UNEP to initiate a successful solar loan programme. It is a four-year $75855.6 million effort, launched in April 2003 to help accelerate the market for financing solar home systems in southern India. Presently, the bank is sponsoring 3 RRBs and all are profit making having total business of Rs.42101 crore with 1348 branches as on 31.03.2015.

Prathama Bank
Karnataka Vikas Grameena Bank
Andhra Pragathi Grameena Bank

Key people
Shri Arun Shrivastava
(Managing Director and CEO)

Shri T K Srivastava
(Executive Director)

Shri Ravi Shanker Pandey
(Executive Director)

Products
Finance and insurance
Consumer Banking
Corporate Banking
Investment Banking
Investment Management
Private Equity
Mortgages
Credit Cards

Mergers
As time progressed, twenty banks merged with the Canara Industrial and Banking Syndicate Limited including the Maharashtra Apex Bank Limited and Southern India Apex Bank Limited. The name of the bank was changed to Syndicate Bank Limited in 1964 and the head office of the bank was shifted to Manipal.