The bank, ‘The Kumbakonam Bank Limited’ as it was then called was incorporated as a limited company on 31st October, 1904. The first Memorandum of Association was signed by twenty devoted and prominent citizens of Kumbakonam including Sarvashri R. Santhanam Iyer, S.Krishna Iyer, V.Krishnaswami Iyengar and T.S.Raghavachariar. T.S.Raghavachariar was the First Agent of the Bank.  In 1908, he was succeeded by Shri R. Santhanam Iyer who became the Secretary of the bank under the amended Articles of Association which created the office of a Secretary to be in charge of the Bank’s Management in the place of the Agent, which post he held till his death in 1926. He was succeeded by Shri. S. Mahalinga Iyer as Secretary who subsequently became the First full-time Managing Director of the bank in tune with the amendment of Articles in 1929.  He held the position of Secretary from 1926 to 1929 and that of Managing Director from 1929 to 1963.

The bank in the beginning preferred the role of a regional bank and slowly but steadily built for itself a place in the Delta District Thanjavur. The first Branch of the Bank was opened at Mannargudi on 24th January 1930.  Thereafter, branches were opened at Nagapattinam, Sannanallur, Ayyampet, Tirukattupalli, Tiruvarur, Manapparai, Mayuram and Porayar within a span of twenty five years.  The Bank was included in the Second Schedule of Reserve Bank of India Act, 1934, on 22nd March 1945.

The Bank celebrated its Golden Jubilee on 14th November, 1954 at Kumbakonam under the Presidentship of Shri.C.R.Srinivasan, Editor, ‘Swadesmitran’ & Director, Reserve Bank of India.

In 1957, the bank took over the assets and liabilities of the Common Wealth Bank Limited and in the process annexed to it the five Branches of Common Wealth Bank Limited at Aduthurai, Kodavasal, Valangaiman, Jayankondacholopuram and Ariyalur.

In 1963,  Shri. R. A.Venkataramani Iyer took charge as the Chairman of the Bank which position he held up to 1969.

Educational Loan

Objectives:The Educational Loan Scheme aims to provide financial support to deserving/meritorious students for pursuing higher education in India and abroad. The Scheme also aims to provide financial assistance to the needy poor to undertake basic education.
Eligible Courses of Study in India

1. Graduation courses – B.Sc, B.A, B.Com etc
2. post graduation courses- Masters & Ph.D
3. Professional courses – Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Computer etc
4. Computer certificate courses of reputed institutes accredited to Dept. of electronics or Institutes affiliated to University
5. Courses like ICWA, CA, CFA etc
6. courses conducted by IIM, IIT, IISc, XLRI, NIFT etc
7. Regular degree/diploma courses like aeronautical, pilot training, shipping etc approved by Director general of Civil Aviation / shipping, if the course is pursed in India. In case the course is perused abroad, the institute should be recognized by
the competent local aviation/shipping authority
8. courses offered in India by reputed foreign universities
9. evening courses of approved institutes
0. 10. Other courses leading to diploma / degree etc., conducted by colleges / universities approved by UGC / Govt. / AICTE / AIBMS / ICMR etc
Eligible Courses of Studies abroad:

1. Graduation : For job oriented professional / technical courses offered by reputed universities
2. Post-Graduation – MCA, MBA, MS, PhD etc.
3. Courses conducted by CIMA-London, CPA in USA etc

Student Eligibility:

1) Should be an Indian Resident.
2) Secured admission to Professional/Technical courses through Entrance Test/Selection Process and should produce proof.
3) Secured admission to Foreign University / Institutions and should produce proof.
4) No specific age restriction with regard to age of the student
to be eligible for educational loan

Purpose of the Loan:

1) For payment of College / School/ Hostel Fees.
2) For payment of Examination / Library / Laboratory Fees.
3) For purchase of books/equipments/instruments.
4) For payment of Caution Deposits (caution deposit not to exceed 10% of total tuition fees for the entire course)
5) For making Travel Expenses / Passage Money for studies abroad.
6) For purchasing inputs essential for completion of the course.
7) Any other expenses required to complete the course like study tours, project work, thesis, etc.
8) for purchase of computer / laptop of uniforms
10) Insurance premium for student borrower

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