Mayurbhanj State Bank
Mayurbhanj State Bank was a public sector bank that had its headquarters at Baripada, Odisha, India.
History
Pratap Chandra Bhanj Deo, the Maharaja of Mayurbhanj, established the Mayurbhanj State Bank on 2 May 1938 to promote the growth of industries and commerce in Mayurbhanj. On 1 May 1938, an extraordinary issue of the Mayurbhanj State Gazette was published which announced the rules and regulations relating to its constitution. These rules declared that it was to be a department of the state under the general control and direction of the state authorities. A provision stated that it could not go into liquidation except by the order of the ruler of Mayurbhanj. The initial capital for the bank was provided by the state.It had its headquarters at Baripada. It had two branches, one at Karanjia and the other at Rairangpur. The total working capital and deposits of the bank were 34,00,000 rupees and 32,00,000 rupees, respectively, on 31 March 1944.