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:

    Most events recorded in history are more remarkable than important, like eclipses of the sun and moon, by which all are attracted, but whose effects no one takes the trouble to calculate.
    Henry David Thoreau (1817–1862)

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

    Systematic philosophical and practical anti-intellectualism such as we are witnessing appears to be something truly novel in the history of human culture.
    Johan Huizinga (1872–1945)