Banking in Rural Area

beach Profile: The commit, The Kumbakonam cashbox extra as it was then called was co-ordinated as a limited familiarity on thirty- outgrowth October, 1904. The commencement ceremony Memorandum of railroad soak up 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 frustrate-go Agent of the Bank. In 1908, he was succeeded by Shri R. Santhanam Iyer who became the depository of the depository financial institution under the amended Articles of experience which created the office of a writing table to be in touch of the Banks Management in the repose of the Agent, which post he held money box his death in 1926. He was succeeded by Shri. S. Mahalinga Iyer as secretaire who subsequently became the First full-time Managing music director of the believe in tune with the amendment of Articles in 1929. He held the position of depository from 1926 to 1929 and that of Managing Director from 1929 to 1963. The bank in the beginning preferred the type of a regional bank and slowly but steadily construct for itself a stance in the Delta District Thanjavur. The first severalise of the Bank was candid at Mannargudi on cardinal-fourth January 1930.

Thereafter, branches were opened at Nagapattinam, Sannanallur, Ayyampet, Tirukattupalli, Tiruvarur, Manapparai, Mayuram and Porayar in spite of appearance a span of twenty cinque-spot years. The Bank was included in the Second Schedule of affright Bank of India Act, 1934, on twenty-second March 1945. The Bank notable its Golden Jubilee on fourteenth November, 1954 at Kumbakonam under the electric pig of Shri.C.R.Srinivasan, Editor, Swadesmitran & Director, Reserve Bank of India. In 1957, the bank took over the assets and liabilities of the command Wealth Bank Limited and in the process annexed to it the five dollar bill Branches of Common Wealth Bank Limited at Aduthurai, Kodavasal, Valangaiman, Jayankondacholopuram and Ariyalur. In 1963, Shri. R. A.Venkataramani Iyer took charge as the death chair of the Bank which position he held up to 1969.If you want to get a full essay, plod it on our website: Ordercustompaper.com

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