The Bank of Alwaye was an Indian

private sector The private sector is the part of the economy, sometimes referred to as the citizen sector, which is owned by private groups, usually as a means of establishment for profit or non profit, rather than being owned by the government. Employment The ...

bank that served the Municipality of Alwaye. It was founded in 1942 by industrialist

M. K. Mackar Pillay Manadath Kunju Mackar Pillay (1880 – 1966) was an Indian industrialist, banker, philanthropist, and politician who served in the Sree Moolam Popular Assembly. He was a leading cashew and lemongrass exporter, and founder of the eponymous Mac ...

. The bank was later amalgamated with the

State Bank of Travancore State Bank of Travancore (SBT) was a major Indian bank headquartered in Thiruvananthapuram, Kerala, and was a major associate of State Bank of India. SBT was a subsidiary of the State Bank Group, but also had private share-holders. It was ...

in 1964.

References

Defunct banks of India Banks based in Kerala Banks established in 1942 Banks disestablished in 1965 Indian companies established in 1942 Indian companies disestablished in 1965 {{Asia-bank-stub