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Banking in Karnataka information


The state of Karnataka, particularly the coastal districts of Dakshina Kannada and Udupi, historically and collectively known as South Canara, is called the cradle of banking in India.[1] This is because seven of the country's leading banks, Canara Bank, Syndicate Bank, Corporation Bank, Vijaya Bank, Karnataka Bank, Vysya Bank and the State Bank of Mysore originated from this state.[1] The first five in the above list of banks were established in the districts of Udupi and Dakshina Kannada. These districts have one among the best distribution of banks in India - a branch for every 500 persons.[2] Between 1880 and 1935, 22 banks were established in coastal Karnataka, nine of them in the city of Mangalore.

  1. ^ a b Ravi Sharma. "Building on a strong base". Online Webpage of The Frontline, Volume 22 - Issue 21, Oct. 08 - 21, 2005. © 2005, Frontline. Archived from the original on 7 October 2007. Retrieved 21 June 2007.
  2. ^ Ravi Sharma. "A pioneer's progress". Online Edition of the Frontline, Volume 20 - Issue 15, July 19 - August 01, 2003. © 2003, Frontline. Archived from the original on 27 March 2005. Retrieved 21 June 2007.{{cite web}}: CS1 maint: unfit URL (link)

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