Indian Banks And Founders


Andhra Bank                20 November 1923.                                        Dr.Bhogaraju Pattabhi Seetharamayya.


Allahabad Bank            24 April,1865.              A group of Europeans.

Axis Bank was founded on 3 December 1993 as U T I Bank. It became Axis bank on July 30, 2007.Founders are Government of India and Reserve Bank of India.

Bank of Baroda            20 July 1908.                Sayaji rao Gaekwad.

Bank of India               7 September 1906       Group of eminent businessmen from Mumbai.

Canara Bank               1 July, 1906                   Ammembala Subba rao Pai.

Corporation Bank     12 March 1906            Khan Bahadur Haji Abdullah Haji Kasim Saheb


Central Bank of India–21 December 1911-Sorabji Poch Khanawala and Sir Pheroze Shah Mehta.

Dena Bank                  26 May 1938                  Pranlal Devkaran Nanjee.

Indian Overseas Bank-10 February 1937    Muttaiya Chidambaram Chettiyar.

ICICI Bank(Industrial Credit and Investment Corporation of India. Established in June 1994 -a combined effort of World Bank, Government of India and representatives of Indian industry.

Indian Bank————15 August 1907–M.Annamalai Chettiar, M.Ramaswami Chettiyar and V.Krishnaswamy Iyer.

IDBI Bank————-1st July 1964-under the Act of Parliament as a subsidiary of Reserve Bank of India.

Indus Ind Bank—————-1 April 1994.——————–Srichand Parmanand Hinduja.

Karnataka Bank—-18 February 1924–B.R.Vysaray Achar, K.S.N.Adiga.

Lakshmi Vilas Bank–November 3, 1926-founded by 7 businessmen under the leadership of V.S.N.Ramalinga Chettiar.

Oriental Bank of Commerce–19 February 1943–Rai Bahadur Lala Sohan Lal

Punjab National Bank-19,May 1894            Lala Lajpat Rai.

Reserve Bank of India-1 April 1935.

State Bank Of India—1 July,1955.                Amalgamation of Bank of Bengal(2 June 1806), Bank of Bombay(15 April 1840) and Bank of  Madras(1 July 1843) to form Imperial Bank of India in 1955 and S.B.I.was created by an act of Parliament to succeed the Imperial Bank of India.

Syndicate bank was founded on October 20,1925 as Canara Industrial Banking Syndicate  by Shri T.M.A.pAI, shri Vaman Kudva and Shri Upendra Ananth Pai.

Vijaya Bank–23 October 1931-Attavara Balakrishna Shetty.

United Bank of India–October 12, 1950–formed by the amalgamation of 4 banks-Comilla  Banking Corporation Limited(1914), Bengal Central Bank Limited(1918), Comilla Union Bank  Limited(1922) and Hoogly Bank Ltd(1922).It is a Government owned financial services company.

Union Bank of India was registered as a limited company on 11 November 1919 and Bank was brought into existence by the ordinance issued on 10th July 1969 by the Central Government of India.

United Commercial Bank was established on 6th January, 1943 by Ghanshyamdas Birla. The bank was incorporated on 26, June 1983.


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