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Early Stages of Banking in Coastal Karnataka 1868-1949
| Title: | Early Stages of Banking in Coastal Karnataka 1868-1949 | | Author: | M.B Patil | | Publication: | Itiasa Darshana / Karnataka Itihasa Academy, Bangalore | | Enumeration: | Vol 17, 2002 | | Abstract: | In the history of Indian Banking undivided South Kanara was called cradle of banking industry. The present article traces the history of banking in this area as well as the reasons for starting of this industry in south Kanara district of Karnataka. In 1868 the branch of the Madras Presidency bank in Mangalore was started. The very next year the Arbhutanath bank was established which functioned till 1906. Between 1906 to 1945, twenty-two banks of different communities were established, Notable were Corporation Bank started by Khan Bahadur Haji Abdul Saheb and Haji Kasim Saheb Bahadur, Canara bank by Ammembal Subbaray Pai, etc.
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