Catholic Syrian Bank - History

History

The Catholic Syrian Bank was founded on November 26, 1920 in Thrissur city and commenced business on January 1, 1921 with an authorised capital of Rs 5 lakhs and a paid up capital of Rs 4,5270. In August 1969, the bank was included in the Second Schedule to the Reserve Bank of India Act 1934. In 1975, the bank attained the status of "A" Class Scheduled Bank when its total deposits crossed Rs 25 crores.

Read more about this topic:  Catholic Syrian Bank

Famous quotes containing the word history:

    All history becomes subjective; in other words there is properly no history, only biography.
    Ralph Waldo Emerson (1803–1882)

    The history of all previous societies has been the history of class struggles.
    Karl Marx (1818–1883)

    In the history of the human mind, these glowing and ruddy fables precede the noonday thoughts of men, as Aurora the sun’s rays. The matutine intellect of the poet, keeping in advance of the glare of philosophy, always dwells in this auroral atmosphere.
    Henry David Thoreau (1817–1862)