Company type | Private sector |
---|---|
Industry | Banking, Insurance, Capital Markets and allied industries |
Founded | 1 April 1937 as The Travancore National and Quilon Bank |
Founder | |
Defunct | 31 March 1938 |
Fate | Defunct |
Headquarters | |
Number of locations | Madras Presidency |
Area served | India |
Key people |
|
Products | Deposits, Personal Banking Schemes, C & I Banking Schemes, Agri Banking Schemes, SME Banking Schemes |
Services | Banking, Trade Finance |
The Travancore National and Quilon Bank, often abbreviated as TN&Q Bank, was a bank which came to being in 1937 in the princely Kingdom Of Travancore as a result of merger of two well known banks of the time, Travancore National Bank and Quilon Bank. [1]
The Travancore National and Quilon Bank was the result of a 1937 merger between Travancore National Bank (founded: 1912) and Quilon Bank (founded: 1919). [1] The merger resulted in TNQB becoming the 4th largest bank in India. [1] [2]
The bank was owned and managed by two prominent Christian families of Kerala, Chalakuzhy family and Kandathil family with origin from Thiruvalla. Another bank to originate from Thiruvalla was Federal Bank which is headquartered in Aluva now.
The bank had also managed to become the fourth largest bank in India, after the Imperial Bank of India, the Central Bank of India and the Bank of India. [2]
The Travancore National and Quilon Bank was a successful bank in all aspects. But its unrelenting support to Indian National Congress (INC) in the struggle for independence resulted in its downfall. The Dewan(Prime Minister)of Travancore,Sir C.P Ramaswamy Iyer got irked because the banks founders were supporting Indian National Congress instead of the Ruler Of the Kingdom Of Travancore. So, he devised an unethical and dubious plan to close down the bank. His plan was successful and the two founders of the bank, K. C. Mammen Mappillai and Chalakuzhy Paulose Mathen were both falsely implicated and imprisoned by the Dewan, C.P Ramaswamy Iyer and his accomplices.
Aftermath
The bank was closed down after being accused of financial irregularities. But because this was not the truth, the founders were able to repay its investors before closing down permanently in 1939. The banks founders were released from imprisonment without any charges against them being proven.
The Kingdom of Travancore, also known as the Kingdom of Thiruvithamkoor or later as Travancore State, was kingdom that lasted from c. 1729 until 1949. It was ruled by the Travancore Royal Family from Padmanabhapuram, and later Thiruvananthapuram. At its zenith, the kingdom covered most of the south of modern-day Kerala and the southernmost part of modern-day Tamil Nadu with the Thachudaya Kaimal's enclave of Irinjalakuda Koodalmanikyam temple in the neighbouring Kingdom of Cochin. However Tangasseri area of Kollam city and Anchuthengu near Attingal in Thiruvananthapuram were parts of British India.
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Sree Padmanabhadasa Sree Chithira Thirunal Balarama Varma, popularly known as Sree Chithira Thirunal, was the last ruling Maharaja of the Indian princely state of Travancore, in southern India until 1949 and later the Titular Maharajah of Travancore until 1991. His reign is known for several notable reforms that have indelible impact on the society and culture of Kerala.
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Thiruvalla, also spelled Tiruvalla, is a municipality in Pathanamthitta district, Kerala, India. It is also the headquarters of the Thiruvalla taluk. The town is spread over an area of 27.15 km2 (10.48 sq mi) and has a population of 52,883, down from 56,837 in 2001. It lies on the northern banks of the Manimala River, in a land-locked region surrounded by irrigating canals and rivers. It is the largest town in the district, and is one of the financial, educational, healthcare, cultural, and commercial centres of central Travancore.
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Banking was one of the most preferred lines of business in the princely states of Travancore and Cochin, and the Malabar Province of British India — the area that later became the state of Kerala — during the twentieth century. A list of some of the banks that operated in the region during the twentieth century are given below. Due to various reasons, most of them were either closed or amalgamated with other banks, leaving only a handful now.
Chalakuzhy Paulose Mathen was an Indian politician who served as a member of the Indian Parliament in the first Lok Sabha, constituted in 1952 after India gained independence from the United Kingdom. He represented the Thiruvalla constituency of Kerala. Mathen was appointed the Indian Ambassador to Sudan after his single term in the Lok Sabha.
Thiruvalla Taluk is a Taluk of the Pathanamthitta district in the Indian state of Kerala. The headquarters of the Taluk is in Thiruvalla which covers an area of 152 sq. km and has a population of 223,503. Despite having 5.7% geographical area of the district, it holds over 18.6% of the population of the district.
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Annie Mascarene was an Indian independence activist, politician and lawyer from Thiruvananthapuram, Kerala. She was a member of the Constituent Assembly of India as representative of State of Travancore-Cochin. In 1952, she became the first woman from Kerala to be elected as a Member of Parliament.
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