Ammembal Subba Rao Pai

Ammembal Subba Rao Pai (1852–1909) was a leading lawyer of Mangalore, India. He was the founder of Canara Bank, now one of India's leading banks, and Canara High School in Mangalore.

Business career

Concerned about the high interest rates being charged by moneylenders to the poor people of South Canara, Pai founded the Canara Hindu Permanent Fund Ltd (now Canara Bank) on 1 July 1906, not longer after the formation of Corporation Bank in the same area.[1]

References

  1. ↑ Budhiraja, S. B.; M. B. Athreya, eds. (2002). Cases In Strategic Management. Tata McGraw-Hill Education. pp. 108–109. ISBN 9780074620977.

External links

This article is issued from Wikipedia - version of the 5/24/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.