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Pandyan Bank

From Wikipedia, the free encyclopedia
Indian bank

Pandyan Bank was a private sector bank that S.N.K. Sundaram established atMadurai,Tamil Nadu, on 11 December 1946.[1] In 1963Canara Bank acquired Pandyan Bank.

The bank introduced innovations such as plastic pouches for savings bank pass-books. More importantly, it created an all-women's branch at Town Hall Road in Madurai in 1947, staffed by ten women, one of whom was Kamala Sundaram, S.N.K. Sundaram's daughter.[2]

The merger with Canara Bank took effect on 2 December 1963. At the time of the acquisition, Pandyan Bank had 83 branches,[1] and 800 staff.

Citations

[edit]
  1. ^abKamanth (2006), p.112.
  2. ^The Hindu, "1950s’ banking in George Town", 23 December 2013,[1] - accessed 8 March 2014.

References

[edit]
  • Kamanth, M.V. (2006)A Banking Odyssey: The Canara Bank Story. (Konark Publishers).ISBN 978-0-7069-5830-0
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