ALL INDIA CANARA BANK RETIREES’ FEDERATION (Regd.) (Affiliated to All India Bank Retirees’ Federation) “A.K.Nayak Bhavan”, Second Floor, 14, Second Line Beach, Chennai – 600001 Our Ref:31:2020 April 01, 2020 To: All Retirees of erstwhile Syndicate Bank Madam/Dear Sir, Hearty Welcome to our Compatriots in Erstwhile Syndicate Bank on amalgamation into Canara Bank on 01-04-2020 In spite of stiff resistance to merger of banks by the workforce and bank retirees, Central Government forced merger of 10 PSBs effective from today. Consequently, all branches of Syndicate Bank will henceforth function as branches of Canara Bank. Looking back with nostalgia, Canara Bank was formed on 01-07-1906 with the name “Canara Hindu Permanent Fund Limited” at Mangaluru by Sri Ammembal Subba Rao Pai. Syndicate Bank was established on 20-10-1925 with the name “Canara Industrial and Banking Syndicate Limited” at Udupi by M/s T.M.A.Pai, Upendra Pai and Vaman S Kudva. We find that both the banks were launched not by industrial houses like Tatas, Birlas, Goenkas or Mafatlals. Canara Bank was founded and nurtured by an Advocate philanthropist with progressive outlook for developing a concern for fellow human being so as to bring social transformation by removing hardships and sufferings of common people. Similarly, Syndicate Bank was established by people who were educationist, doctor, engineer etc. with an orientation of social welfare for catering to the financial needs of poor handloom weavers in and around Udupi by collecting small savings from the society. Investing on integrity with banking acumen, cherishing the ethos of service and growth, these banking entities were destined to grow and they grew to towering heights. The entire team of management and workforce of the banks, both past and present, by their untiring efforts, sweat and toil brought both the banks to the level of being what they are today. In the process, both the banks were built on strong edifice and the banks progressed alongside the growth of powerful Unions as well. Banking Journey so far – Canara Bank & Syndicate Bank Srl Details Canara Bank Syndicate Bank No. 01 Date of formation: 01-07-1906 20-10-1925 02 Number of Branches as on 19-07-1969: 324 355 03 Deposits as on 19-07- 1969: 152 Crores 110 Crores 04 Loans & Advances as on 19-07-1969: 110 Crores 105 Crores 05 Staff Strength as on 19 -07-1969: 7198 5872 06 Profits (FY 1969): 0.55 Crore 0.29 Crore 07 Existing Number of Branches: 6310 (Approx) 4032 (Approx) 08 Existing Staff Strength: 58350 (Approx) 31535 (Approx) 09 Regular Pensioners + FP + Ex-gratia: 40,287 (Approx) 29617 (Approx) 10 Pension Fund Corpus (Existing): 13,000 Crores (Approx) 9000 Crores (Approx) 11 Number of Banks Merged: 11 20 Business level of combined entity till Sep. 2019 is Deposits: 8,68,879 Crores & Advances (Gross): 6,67,855 Crores. In the background of Syndicate Bank having been merged with Canara Bank as per the design of the government, we need to face emerging challenges of Telephone (O): 044 – 25220611 Mobile: 94442 32867 E-Mail Id: [email protected] Website: www.aicbrf.in merger as a United Team. We are aware that any merger poses enormous challenges and new situations to the serving employees and retirees. It is pertinent on our part as Retirees’ Organisations to respond with vision and understanding to gain new ground by our collective efforts and willingness by re-structuring the Retirees’ organisational machinery by accommodating each others perspective suiting to the new requirement. In the changed scenario, it is in our own common interest that we repose confidence on each other and emerge as a cohesive and united Organisation at the earliest. In this regard, we assure the retirees of erstwhile Syndicate Bank that All India Canara Bank Retirees’ Federation would stand with them as a true friend and would look forward to receiving your response for better understanding and greater unity with you all. With our new found strength, we are sure, we are poised for better days ahead. It is relevant on our part to highlight that several longstanding issues of the retirees of both the banks remain unresolved. All such issues need to be re-prioritised, pursued with greater vigour, coordinated efforts and patience. Nevertheless, we are conscious of the fact that merger of Retirees’ Organisations in both the banks and the process of re-structuring thereon will take little more time in view of holistic compliance of prescrbed formalities in this regard. As both the banks and the Retirees’ Organisations affiliated to AIBRF share common vision, ethos, history and culture of erstwhile South Canara Districts (Cradle of Banking) in Karnataka State since their inception, the integration process may not pose serious problems. However, we do recognise that in the amalgamation process, the emotional bondage and deep attachment assiduously built by Syndicate Bank Retirees over several decades need to be properly understood and respected by all concerned. We are happy to inform that All India Canara Bank Retirees’ Federation had the benefit of preliminary interactive informal discussion with the leadership of All India Syndicate Bank Retirees’ Federation at Lucknow on 05-12-2019 on post-merger scenario. It is evident that for moving forward, certain organisational points of view need to be further discussed and crystallised with comradely understanding in the near future. Now, our immediate priority is to move together with co-ordination for addressing core concerns & demands of retired employees of both the banks in the post-amalgamation scenario, keeping in mind the eventual early organisational merger as our goal. Towards evolving such a situation, we will put our minds and hearts together and shall continue to espouse the cause of retired employees of both the banks as one Team in the days ahead. We trust that our shared responsibility will lead to better future for the entire Retirees’ Fraternity in Canara Bank. We hope all of you would rise to the occasion, move forward and stand shoulder to shoulder with the Retirees of Canara Bank for enlivening a live bondage. Let us walk together in our great collective journey! We welcome you all with affectionate bouquets. Yours Sincerely, With Warm Greetings, (S V SRINIVASAN) GENERAL SECRETARY Coming together is a beginning, keeping together is progress, working together is success and success is our destiny. 2 BANKS MERGED WITH CANARA BANK Srl No. Year Name of the Bank Merged 01 1961 Bank of Kerala Ltd., Trivandrum 02 1961 Seasia Midland Bank Ltd., Alleppey 03 1961 Trivandrum Permanent Bank Ltd., Trivandrum 04 1961 G.Raghunathmull Bank Ltd., Hyderabad 05 1963 Sree Poornathrayeesa Vilasam Bank, Tripunithura 06 1963 Arnad Bank, Tiruchirapalli 07 1963 Cochin Commercial Bank, Cochin 08 1963 Pandyan Bank, Madurai 09 1964 Pollachi Union Bank, Pollachi 10 1968 Pangal Nayak Bank Ltd., Udupi 11 1985 Lakshmi Commercial Bank, New Delhi BANKS MERGED WITH SYNDICATE BANK Srl No. Year Name of the Bank Merged 01 1953 Maharashtra Apex Bank Ltd., Udupi 02 1953 Southern Indian Apex Bank Ltd., Udupi 03 1959 Nagarkars Bank Ltd., Mangalore 04 1959 Bank of Mangalore Ltd., Mangalore 05 1960 Asiatic Mercantile Bank Ltd., Cochin 06 1961 Moolky Bank Ltd., Moolky 07 1961 Pie-Money Bank Ltd., Mangalore 08 1961 Cathoic Bank Ltd., Mangalore 09 1961 Peoples’ Bank Ltd., Thirthahalli 10 1962 Hindu Bank Ltd., Karur 11 1962 Salem Ammapet Sengunthar Bank Ltd., Salem 12 1962 Kerala Service Bank Ltd., Trivandrum 13 1963 Citizens’ Bank Ltd., Robertsonpet 14 1963 Pollachi Town Bank Ltd., Pollachi 15 1963 Coimbatore Kannikaparameswari Bank Ltd., Coimbatore 16 1964 The Oriental Union Bank Ltd., Kaduthuruthy 17 1964 The Kotagiri Bank Ltd., Kotagiri 18 1964 Sri Ranga Raja Bank Ltd., Mettupalayam 19 1964 The Kothamangalam Namboodari Bank Ltd., Quilandy 20 1964 The South Travancore Bank Ltd., Neyyur 3 .