[1] The merger resulted in TNQB becoming the 4th largest bank in India.

But its unrelenting support to Indian National Congress (INC) in the struggle for independence resulted in its downfall.

The Dewan(Prime Minister)of Travancore,Sir C.P Ramaswamy Iyer got irked because the banks founders were supporting Indian National Congress instead of the Ruler Of the Kingdom Of Travancore.

His plan was successful and the two founders of the bank, K. C. Mammen Mappillai and Chalakuzhy Paulose Mathen were both falsely implicated and imprisoned by the Dewan, C.P Ramaswamy Iyer and his accomplices.

Aftermath The bank was closed down after being accused of financial irregularities.