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The Bank was then elevated to the position of State Co-operative Bank for the State of Kerala and it became "The Kerala State Co-operative Bank Ltd." At that time, the Bank had a working capital of ₹42.90 lakhs, deposit of ₹30.33 lakhs and loans and advances to the tune of ₹21.66 lakhs.
Mukkattukara Catholic Bank Ltd — 1964 (Amalgamated with South Indian Bank) Quilon Bank Ltd — 1919–1937 (Amalgamated to form Travancore National & Quilon Bank Ltd, and later liquidated) [5] South Malabar Gramin Bank — 1975–2013 (Amalgamated with North Malabar Gramin Bank to form Kerala Gramin Bank-2013)
The SBI Library has around 5000 rare books and journals relevant to Indian economic history. The diverse collection includes past banking acts, laws, regulations, reports and commentaries which not only reflect the commercial ambitions of the English East India Company but also highlight the origins and economic trajectory of the State Bank of India.
Kerala Varma Pazhassi Raja (Kerul Varma Pyche Rajah, Cotiote Rajah) (1753–1805) was the Prince Regent and the de facto ruler of the Kingdom of Kottayam in Malabar, India between 1774 and 1805. He led the Pychy Rebellion (Wynaad Insurrection, Coiote War) against the English East India Company. He is popularly known as Kerala Simham (Lion of ...
The British crown gained control over Northern Kerala (including the Kingdom of Kingdom of Kolathunadu and the Kingdom of Calicut) and through the creation of the Malabar District. The British also allied with the Kingdom of Travancore and the Kingdom of Cochin in the southern part of the state, until India won its independence in 1947.
The seven other state banks became subsidiaries of the new bank in 1959 when the State Bank of India (Subsidiary Banks) Act, 1959 was passed by the Union government. [ 1 ] The next major government intervention in banking took place on 19 July 1969 when the Indira government nationalised an additional 14 major banks.
As of March 2002, Kerala's banking sector comprised 3341 local branches: each branch served 10,000 people, lower than the national average of 16,000; the state has the third-highest bank penetration among Indian states. [244] On 1 October 2011, Kerala became the first state in the country to have at least one banking facility in every village ...
A review of the RRBs in August 2009 by the Union Finance Minister revealed that a large number of RRBs had a low Capital to Risk weighted Assets Ratio (CRAR). A committee was constituted in September 2009 under the chairmanship of K C Chakrabarty, [4] the deputy governor of the Reserve Bank of India (RBI) to analyse the financials of the RRBs and suggest measures, including re-capitalisation ...