Pandyan Bank

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Pandyan Bank was a private sector bank that S.N.K. Sundaram established at Madurai, Tamil Nadu, on 11 December 1946.^[1] In 1963 Canara 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 and references

Citations

↑ ^1.0 ^1.1 Kamanth (2006), p.112.
↑ The Hindu, "1950s’ banking in George Town", 23 December 2013,[1] - accessed 8 March 2014.

References

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

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