Bank of Madura: Difference between revisions
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'''Bank of Madura''' was established in 1943 by [[Karumuttu Thiagarajan Chettiar]]. It acquired [[Chettinad Mercantile Bank]] (est. 1933) and [[Illanji Bank]] (est. 1904) in the 1960s. Bank of Madura was a [[Chettiar]] bank with a large customer base of 2 million plus customers and a network of more than 280 branches and 40+ [[Automatic teller machine|ATM]]s centres spread across about 100 cities in India. The bank merged with [[ICICI Bank]] Limited, under Section 44A of the [[Banking Regulation Act]], 1949. The [[Reserve Bank of India]] approved the merger effective March 10, 2001. |
'''Bank of Madura''' was established in 1943 by [[Karumuttu Thiagarajan Chettiar]]. It acquired [[Chettinad Mercantile Bank]] (est. 1933) and [[Illanji Bank]] (est. 1904) in the 1960s. Bank of Madura was a [[Chettiar]] bank with a large customer base of 2 million plus customers and a network of more than 280 branches and 40+ [[Automatic teller machine|ATM]]s centres spread across about 100 cities in India. The bank merged with [[ICICI Bank]] Limited, under Section 44A of the [[Banking Regulation Act]], 1949 <ref>{{Cite web | url = http://www.advocatekhoj.com/library/bareacts/bankingregulation/index.php?Title=Banking%20Regulation%20Act,%201949 | title = ''Banking Regulation Act'', 1949}}</ref>. The [[Reserve Bank of India]] approved the merger effective March 10, 2001. |
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==See also== |
==See also== |
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*[[Indian banking]] |
*[[Indian banking]] |
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==References== |
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{{Reflist}} |
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{{DEFAULTSORT:Bank Of Madura}} |
{{DEFAULTSORT:Bank Of Madura}} |
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Revision as of 11:57, 12 February 2011
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Bank of Madura was established in 1943 by Karumuttu Thiagarajan Chettiar. It acquired Chettinad Mercantile Bank (est. 1933) and Illanji Bank (est. 1904) in the 1960s. Bank of Madura was a Chettiar bank with a large customer base of 2 million plus customers and a network of more than 280 branches and 40+ ATMs centres spread across about 100 cities in India. The bank merged with ICICI Bank Limited, under Section 44A of the Banking Regulation Act, 1949 [1]. The Reserve Bank of India approved the merger effective March 10, 2001.