Pandyan Bank was a private sector bank that S.N.K. Sundaram established at

Madurai Madurai ( , also , ) is a major city in the Indian state of Tamil Nadu. It is the cultural capital of Tamil Nadu and the administrative headquarters of Madurai District. As of the 2011 census, it was the third largest Urban agglomeration i ...

Tamil Nadu Tamil Nadu (; , TN) is a state in southern India. It is the tenth largest Indian state by area and the sixth largest by population. Its capital and largest city is Chennai. Tamil Nadu is the home of the Tamil people, whose Tamil language ...

, on 11 December 1946. In 1963

Canara Bank Canara Bank is an Indian public sector bank under the control and ownership of Ministry of Finance, Government of India. Established in 1906 at Mangalore by Ammembal Subba Rao Pai, the bank also has offices in London, Dubai and New York. His ...

acquired Pandyan Bank. The bank introduced innovations such as plastic pouches for savings bank pass-books. More importantly, it created an all-women's branch at Town Hall Road in Madurai in 1947, staffed by ten women, one of whom was Kamala Sundaram, S.N.K. Sundaram's daughter.''The Hindu'', "1950s’ banking in George Town", 23 December 201

- accessed 8 March 2014. The merger with Canara Bank took effect on 2 December 1963. At the time of the acquisition, Pandyan Bank had 83 branches,Kamanth (2006), p.112. and 800 staff.

Citations and references

Citations References *Kamanth, M.V. (2006) ''A Banking Odyssey: The Canara Bank Story''. (Konark Publishers). Defunct banks of India Banks established in 1946 Economy of Madurai Financial services companies based in Chennai Indian companies established in 1946 Banks disestablished in 1963 Indian companies disestablished in 1963 {{Asia-bank-stub