Banking in Rural Area

Bank Profile: The buzzword, The Kumbakonam Bank Limited as it was then called was co-ordinated as a limited company on thirty- premier October, 1904. The premier Memorandum of railroad tie was signed by 20 devoted and prominent citizens of Kumbakonam including Sarvashri R. Santhanam Iyer, S.Krishna Iyer, V.Krishnaswami Iyengar and T.S.Raghavachariar. T.S.Raghavachariar was the First Agent of the Bank. In 1908, he was succeeded by Shri R. Santhanam Iyer who became the depository of the bank under the amended Articles of tie-in which created the office of a repository to be in fight of the Banks Management in the place of the Agent, which post he held bank his death in 1926. He was succeeded by Shri. S. Mahalinga Iyer as depository who subsequently became the First full-time Managing music director of the bank in tune with the amendment of Articles in 1929. He held the position of Secretary from 1926 to 1929 and that of Managing Director from 1929 to 1963. The bank i n the beginning preferred the reference of a regional bank and slowly but steadily construct for itself a place in the Delta District Thanjavur. The first severalise of the Bank was exposed at Mannargudi on twenty-fourth January 1930.

Thereafter, branches were opened at Nagapattinam, Sannanallur, Ayyampet, Tirukattupalli, Tiruvarur, Manapparai, Mayuram and Porayar within a span of twenty cinque-spot years. The Bank was included in the Second Schedule of disquietude Bank of India Act, 1934, on 22nd March 1945. The Bank celebrated its Golden Jubilee on 14th November, 1954 at Kumbakonam under the tribunal of Shri.C.R.Srinivasan, Editor, Swadesmitran & Director, Reserve Bank of India. In 1957, the bank took over the as! sets and liabilities of the world(a) Wealth Bank Limited and in the process annexed to it the quintet Branches of Common Wealth Bank Limited at Aduthurai, Kodavasal, Valangaiman, Jayankondacholopuram and Ariyalur. In 1963, Shri. R. A.Venkataramani Iyer took charge as the Chairman of the Bank which position he held up to 1969.If you want to get a full essay, undulate it on our website: OrderEssay.net

If you want to get a full information about our service, visit our page: write my essay