Syndicate Bank is one of the oldest and major commercial banks of India. It was earlier known as Canara industrial and Banking Syndicate Limited. The bank was nationalized in 1969, by the Government of India. The name of the bank was changed to Syndicate Bank Limited in 1964. Currently it has over 2700 branches and all branches are offering corebanking-e-banking services under anywhere-anytime-anyhow banking. Syndicate Bank sponsored the first regional rural bank in India by name Prathama Grameena Bank. Recently, Syndicate Bank has achieved a rare feat of opening one million customer accounts in a span of 3 months.