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:

    I cannot be much pleased without an appearance of truth; at least of possibility—I wish the history to be natural though the sentiments are refined; and the characters to be probable, though their behaviour is excelling.
    Frances Burney (1752–1840)

    Don’t you realize that this is a new empire? Why, folks, there’s never been anything like this since creation. Creation, huh, that took six days, this was done in one. History made in an hour. Why it’s a miracle out of the Old Testament!
    Howard Estabrook (1884–1978)

    I saw the Arab map.
    It resembled a mare shuffling on,
    dragging its history like saddlebags,
    nearing its tomb and the pitch of hell.
    Adonis [Ali Ahmed Said] (b. 1930)