Mulki Sunder Ram Shetty (1915-1981) was an Indian

Banker A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Becaus ...

. He was associated with

Vijaya Bank Vijaya Bank was a PSU bank which was merged with Bank of Baroda on 1 April 2019 with its head office in Bangalore, Karnataka, India. It was one of the nationalised banks in India. The bank offered a wide range of financial products and service ...

since 1946 and joined the board of directors of the bank as Chairman from 1962, became the Hon. Chairman from 1962 to 1969 resulting in growth of Vijaya bank. and then remained as full-time Chairman till 1978. Under the Chairmanship of Shri Mulki Sunder Ram Shetty, Vijaya Bank steadily grew into a large All India Bank with nine smaller banks merging with it during 1963-1968. During the year 1965, the Bank registered its own logo.

Biography

Mulki Sunder Ram Shetty was born in a Tulu-speaking Tuluva Bunt community to Bommerabettu Muddana Shetty and Kakwaguttu Seethamma Shetty on April 30, 1915 in Kakwaguthu lineage of Mulki. He underwent high school education in

St Aloysius Aloysius de Gonzaga ( it, Luigi Gonzaga; 9 March 156821 June 1591) was an Italian aristocrat who became a member of the Society of Jesus. While still a student at the Roman College, he died as a result of caring for the victims of a serious epid ...

Mangaluru Mangalore (), officially known as Mangaluru, is a major port city of the Indian state of Karnataka. It is located between the Arabian Sea and the Western Ghats about west of Bangalore, the state capital, 20 km north of Karnataka–Ker ...

. He began his career in insurance and banking by working for various companies initially namely Tropical, Warden, Crescent, Atlas & Triton. Later he joined Vijaya Bank in 1946 and became a part of its growth story. The bank was initially established by

A. B. Shetty Attavar Balakrishna Shetty (1883–1960) better known as A. B. Shetty was an Indian politician, philanthropist, entrepreneur and the founder of Vijaya Bank. Biography Shetty was born in a Tulu-speaking family of landlords to Mulki Kalappa ...

to aid large scale farming in the erstwhile

South Canara South Canara was a district of the Madras Presidency of British India, located at . It comprised the towns of Kassergode and Udipi and adjacent villages, with the capital in Mangalore city. South Canara was one of the most heterogeneous areas of ...

district of Madras Presidency on 23 October 1931. The bank diversified and first became a Scheduled bank in 1958 and then grew due to merging of nine smaller banks into it between 1963-68. The credit for this merger as well as growth goes to Mulki Sunder Ram Shetty, who was then the

Chief Executive A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially ...

of the bank. Shetty served as full-time chairman of the bank until 1978 and died in 1981. A college was established in his memory in Shirva,

Udupi district Udupi district (also Udipi or Odipu in Tulu language) is an administrative subdivision in the Karnataka state of India, with the district headquarters in the city of Udupi. It is situated in the Canara coastal region, there are seven talu ...

, India, a locality in

Bangalore Bangalore (), List of renamed places in India, officially Bengaluru (), is the Capital city, capital and largest city of the Indian state of Karnataka. It has a population of more than and a metropolitan area, metropolitan population of a ...

and the road lane stretch between Hampankatta Junction and Ambedkar Circle will be formally renamed after him

References

Mangaloreans Businesspeople from Mangalore Tulu people Indian bankers 1981 deaths 1915 births {{India-business-bio-stub