Ammembal Subba Rao Pai

From Wikipedia, the free encyclopedia
Jump to: navigation, search

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[edit]

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[edit]

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

External links[edit]