Nedungadi Bank

Rao Bahadur T.M. (Thalakodi Madathil) Appu Nedungadi established Nedungadi Bank in 1899 at Calicut in Kerala. It was first private sector commercial bank to be set up in South India. The bank was incorporated in 1913 and in 1965 it took over selected assets and liabilities of the Coimbatore National Bank Ltd.

Over time, the bank established some 174 branches, including branches at all major metropolitan cities such as New Delhi, Calcutta, Chennai, Mumbai, Ahmedabad, etc.

In 2002 the Joint Parliamentary Committee (JPC) probing a stock scam pointed out discrepancies in the conduct of business by Nedungadi Bank. In 2003 Punjab National Bank took it over. At the time of the merger with PNB, Nedungadi Bank's shares had zero value, with the result that its shareholders received no payment for their shares.

This Asian bank-related article is a stub. You can help Wikipedia by expanding it.v · Categories: Indian company stubs Asian bank stubs Banks based in Kerala Wikimedia Foundation. 2010. Игры ⚽ Поможем сделать НИР Nedumudi Nedungadu Look at other dictionaries: Nedungadi — is a Samanthan last name, coming from the Indian state of Kerala. They belong to Samanthan section of the Malabar ruling class.[1] Samanthans were the erstwhile rulers of small Nadus (Places) under the Chera Dynasty. The name Nedungadi is… …   Wikipedia Appu Nedungadi — may refer to:* established Nedungadi bank, the oldest private sector bank in Kerala in the year 1899. Nedungadi bank was incorporated in 1913, and in 1965 had acquired selected assets and deposits of the Coimbatore National Bank. In 2003 it was… …   Wikipedia Punjab National Bank — Infobox Company company name = Punjab National Bank company company slogan = ...the name you can BANK upon company type = Public (BSE, NSE:PNB) foundation = ) location = key people = Chairman and M.D. Dr. K.C. Chakrabarty industry = Banking… …   Wikipedia List of banks in India — List of Banks in India, other than co operative banks:Public sector banksSBI group: State Bank of India, with its seven associate banks command the largest banking resources in India. SBI and its associate banks are:*State Bank of India *State… …   Wikipedia Kumbanad — is a village situated in the Pathanamthitta district of Kerala state, in India. It is situated on the pilgrimage route to Sabarimala. Kumbanad stretches from Podipara in the West to Muttumon in the East, a distance of over 2 km. Kumbanad… …   Wikipedia Cherpulachery — Cherpulassery or Cherplassery/Cherpalchery is a small and beautiful small town in Palakkad district of Kerala state, south India. It is in Ottapalam Taluk, known for its eminent and prolific contributions to the world of culture. Geographically,… …   Wikipedia Thiruvegappura — is a Valluvanad village on the bank of river Thutha, a tributary to the Bharathapuzha River, serving as the gateway to Palakkad District, for inboard traffic from the northern Malabar districts of Kerala. Located in the Palakkad district of… …   Wikipedia 18+ © Academic, 2000-2024 Contact us: Technical Support, Advertising Dictionaries export, created on PHP, Joomla, Drupal, WordPress, MODx. Mark and share Search through all dictionaries Translate… Search Internet Share the article and excerpts Direct link … Do a right-click on the link above and select “Copy Link”