Name Ammembal Rao | Died 1909 | |
 | ||
Education Presidency College, Chennai Organizations founded Canara Bank, Canara High School | ||
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.
Business career
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.
References
Ammembal Subba Rao Pai Wikipedia(Text) CC BY-SA