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Banks That Are No More: From Tagore’s Union Bank To Shetty’s Vijaya Bank
India’s banking past is full of big names with big promoters starting banks amidst euphoria only to decline quickly thereafter.
11 Mar 2019, 04:26 PM IST
The government has decided to go ahead with the merger of Vijaya Bank and Dena Bank with Bank of Baroda. The decision has led to huge protests in the Mangalore region where Vijaya Bank was established by AB Shetty in 1931. Vijaya Bank touched the hearts of the people of the region by giving jobs and low cost loans to locals. They continue to have strong social ties and memories with Vijaya Bank leading to protests over its loss of id...
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