Palai Central Bank

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Palai Central Bank was a commercial bank headquartered in Kerala, South India and that functioned during the middle of last century. Although it was started in a small remote town, the bank grew up to become not only the biggest bank but the biggest institution in Kerala, after the state government, and the 17th largest among the 94 scheduled banks in India. The Kerala High Court in 1960 ordered the liquidation of Palai Central Bank on a petition from the Reserve Bank of India.