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Syndicate Bank was founded in 1925 in Udupi, the residence of Lord Krishna in Karnataka with a capital of Rs 8000/- by three visionaries - Sri Upendra Ananth Pai, a business owner, Sri Vaman Kudva, an professional and Dr. TMA Pai, a doctor - who distributed a powerful dedication to social welfare.
Their purpose was mainly to boost economical funding to the regional weavers who were impaired by a problems in the handloom market through mobilising little benefits from the Community.
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