Private individuals and something had to be done to provide relief to theĬommon man from the clutches of the money lenders who held full sway. The indigenous banking was largely in the hands of a few rich The need to start this bank was felt because there was no such facilityĪt Udupi, an important trading centre next to Mangalore inĭ.K. Group of philanthropists led by Khan Bahadur Haji Abdulla Haji Kasim Sahebīahadur. In 12th March 1906 in the Temple Town of Udupi, by a small Kannada(Mangalore) District of Karnataka and one of the oldest banks in India, was founded Bank, the oldest banking institution in the erstwhile undivided Dakshina
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