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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.

Ammembal Subba Rao Pai
AmmembalSubbaRaoPaiPic.jpg
Born
Ammembal Subba Rao Pai

1852
Died1909

Business careerEdit

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 long after the formation of Corporation Bank in the same area.[1]

ReferencesEdit

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

External linksEdit