page_title: Economy of Mangalore
section_title: Banking and Finance
hierarchical_section_title: Economy of Mangalore / Banking and Finance
caption_attribution_description: English: Near the entrance of Corporation Bank head office in Mangalore
context_page_description: Industrial and commercial activities dominate Mangalore's economy. It is the only city in Karnataka to have all modes of transport — air, road, rail and sea. The fastest growing non metro in South India is Mangalore. Mangalore is the 2nd largest business centre in Karnataka. Around 75% of India's coffee, timber and cashew nuts exports are handled by the New Mangalore Port. Mangalore is one among the 5 cities in the country to have both a Major Port and an International Airport. Mangalore has some of the tallest buildings in South India, with many more under construction. Mangalore International Airport is among the 2 International Airports in Karnataka, along with Kempegowda International Airport.
context_section_description: Five of the nineteen banks nationalised during the first half of the 20th century were established in Mangalore.
  Karnataka Bank was established on 18 February 1924 in Mangalore. In addition to these, two banks were established in nearby towns. Corporation Bank was founded in Udupi by Khan Bahadur Haji Abdulla Haji Kasim Saheb Bahadur in 1906, and Syndicate Bank was co-founded in Manipal by T M A Pai, Upendra Ananth Pai and V S Kudva in 1925. While Karnataka Bank and Corporation Bank are still headquartered in Mangalore, Vijaya Bank and Canara Bank are headquartered in Bangalore and Syndicate Bank is headquartered in Manipal.
  The Mangalore Stock Exchange (MgSE) was incorporated on 31 July 1984 as a public limited company. The company was granted recognition as a stock exchange on 9 September 1985. It was de-recognised by the Securities and Exchange Board of India (SEBI) on 31 August 2004. Appeals by the Stock Exchange to overrule this order have been subsequently rejected on 2 November 2005 and 4 October 2006.
caption: Corporation Bank headquarters at Pandeshwar in Mangalore
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