Kottayam is a prosperous city in the Indian state of Kerala. The city functions as the administrative capital and headquarter of the Kottayam district. Kottayam was previously known as ?Cottayam? and ?Cotym? during the British rule. Kottayam is situated on the banks of the Meenachil River. Kottayam is known to be is one of the main centers of literature; it is hence known as the Akshara Nagari or the Land of Letters. Many Malayalam daily newspapers such as Deepika, Malayala Manorama and Mangalam had started in Kottayam and are headquartered in the city. Kottayam houses the headquarters of The Malankara Orthodox Syrian Church. Various missionaries and the Christian churches established many educational institutions in and around the city during the British period. This city is often referred to as Chuvarchithra Nagari or the City of Murals. Domestic tourism has incredibly increased in Kottayam for its beautiful lakes and scenic hilly locations. Kottayam is a major producer or later and a trading center of natural rubber in India. It is the greatest contributor to the citys economy. The cultivation and trade of spices also boost the economy of Kottayam considerably. Kottayam experiences a moderate and pleasant climate with seasonal high levels of humidity.
the Syndicate Bank was established by Upendra Pai, T M A Pai, and Vaman Kudva. The bank was popular as Canara Industrial and Banking Syndicate Limited at the time of its establishment. The Syndicate bank was nationalized by the Government of India On 19 July 1969, along with 13 major commercial banks of India. It is based in the university town of Manipal, India. The business of the bank started with a capital of 8000 rupees. In 1925, the first office of the bank began its business at Udupi in Dakshin Kannada district, Karnataka, India. Its membership as a clearinghouse was secured at Mumbai by 1937. The main objective of the bank was to provide the financial assistance to the local weavers. Initially, through its agents, the bank collected as low as two annas from the doorsteps of the depositors daily. Pigmy Deposit Scheme is the same kind of system, wherein the agents of the bank come doorsteps to collect the deposit, and it is still prevailing in India. The Bank has its branches in the multiple states and union territories in India. Syndicate Nitte School of Banking (SNSB) is a joint venture between the Syndicate Bank and Nitte Educational International Pvt. Ltd. (NEIL). It operates one center each at Mangalore and Greater Noida.