21st December 1911 Central Bank Of India Established
- Central Bank of India, a government-owned bank, is one of the oldest and largest commercial banks in India. It is based in Mumbai. The bank has 4600 branches and 4 extension counters across 27 Indian states and three Union Territories. Wikipedia
- Stock price: CENTRALBK (NSE)Rs. 85.30 +4.95 (+6.16%)
19 Dec, 3:51 pm IST - Disclaimer - Founded: December 21, 1911
Central Bank of India
From Wikipedia, the free encyclopedia
This article is about an Indian commercial bank. For India's central bank, see Reserve Bank of India.
 | This article relies too much on references to primary sources. (December 2008) |
 | |
| Type | Public company BSE & NSE:CENTRALBK |
|---|---|
| Industry | Financial Commercial banks |
| Founded | 21 December 1911 |
| Headquarters | Mumbai, India |
| Key people | Shri. Rajeev Rishi, Chairman & Managing Director |
| Revenue |  191495 million(US$3.1 billion) (2010-11) |
| Employees | 42000(approx) |
| Website | www.centralbankofindia.co.in |
Central Bank of India (Marathi: सेंट्रल बँक ऑफ इंडिया), a government-owned bank, is one of the oldest and largest commercial banks in India. It is based inMumbai.[1] The bank has 4600 branches and 4 extension counters across 27 Indian states and three Union Territories. At present, Central Bank of India has overseas office at Nairobi, Hong Kong and a joint venture with Bank of India, Bank of Baroda, and the Zambian government. The Zambian government holds 40 per cent stake and each of the banks has 20 per cent. Recently it has also opened a representative office at Nairobi, Kenya.
Central bank of India is one of 18 Public Sector banks in India to getrecapitalisation [2] finance from the government over the next 24 months.
Central Bank of India has approached the Reserve Bank of India (RBI) for permission to open representative offices in five more locations - Singapore, Dubai, Doha and London [3]
As on 31 March 2011, the bank's reserves and surplus stood at 68688 million. Its total business at the end of the last fiscal amounted to 2,22,124(approx) million.
68688 million. Its total business at the end of the last fiscal amounted to 2,22,124(approx) million.Contents
[hide]History[edit]
It was established on 21 December 1911 by Sir Sorabji Pochkhanawala with Sir Pherozeshah Mehta as Chairman,[4] and claims to have been the first commercial Indian bank completely owned and managed by Indians.
By 1918 it had established a branch in Hyderabad. A branch in nearbySecunderabad followed in 1925.
In 1923, it acquired the Tata Industrial Bank in the wake of the failure of theAlliance Bank of Simla. The Tata bank, established in 1917, had opened a branch in Madras in 1920 that became the Central Bank of India, Madras.
Central Bank of India was instrumental in the creation of the first Indian exchange bank, the Central Exchange Bank of India, which opened in London in 1936. However, Barclays Bank acquired Central Exchange Bank of India in 1938.[5]
Also before World War II, Central Bank of India established a branch in Rangoon. The branch's operations concentrated on business between Burma and India, and especially money transmission via telegraphic transfer. Profits derived primarily from foreign exchange and margins. The bank also lent against land, produce, and other assets, mostly to Indian businesses.[6]
Post-World War II[edit]
In 1963, the revolutionary government in Burma nationalized Central Bank of India's operations there, which became People's Bank No. 1.[7]
In 1969, the Indian Government nationalized the bank on 19 July, together with 13 others.
In the 1980s the managers of the London branches of Central Bank of India, Punjab National Bank, and Union Bank of India were caught up in a fraud in which they made dubious loans to the Bangladeshi jute trader Rajender Singh Sethia. The regulatory authorities in England and India forced all three Indian banks to close their London branches.
Central Bank of India was one of the first banks in India to issue credit cards in the year 1980 in collaboration with MasterCard. Central Bank of India announces that the financial results for the year ended 2013-Total Business Rs. 402000 Cr. Net Profit-Rs. 1015 Cr. On 1 August 2013, Central Bank of India appoints new CMD Rajiv Rishi, who was previously ED of Indian Bank and General Manager of OBC and Raj Kumar Goyal as the new ED of the bank. On 1 November of the same year, the bank open its second representative office in Hong Kong.
See also[edit]
Citations and references[edit]
- Citations
- ^ Central Bank of India. Central Bank of India (19 April 2011). Retrieved on 31 march 2014.
- ^ "18 govt banks to be recapitalised". Business-standard.com. 18 February 2009. Retrieved 2 August 2010.
- ^ "Central Bank of India to expand overseas". Rediff.com. Retrieved 2 August 2010.
- ^ "Central Bank IPO to open on 24 July". The Hindu(Chennai, India). 14 July 2007. Retrieved 5 July 2008.
- ^ Raychaudhuri et al., eds. (1983), Vol. 2, p.782.
- ^ Turnell (2009), pp.116-7.
- ^ Turnell (2009), p.226.
- References
- Raychaudhuri, Tappan, Irfan Habib, & Dharma Kumar, eds. (1983) The Cambridge Economic History of India: Volume 2, c.1751-c.1970. (CUP Archive). ISBN 9780521228022
- Turnell, Sean (2009) Fiery Dragons: Banks, Moneylenders and Microfinnance in Burma. (NAIS Press). ISBN 9788776940409
External links[edit]
- Central Bank of India Official website
Categories:
- Banks established in 1911
- Banks of India
- Companies based in Mumbai
- Government-owned banks of India
- Economy of Mumbai
- Companies nationalised by the Government of India
- Government-owned companies of India
- 1911 establishments in India
Central Bank of India: Banking Services | Net Banking ...
www.centralbankofindia.co.in/Personal Banking Services - Central Bank of India provides a wide range of corporate, international & net banking with financial services including home, car... - Map results for central bank of indiaSampada Station, MAFCO Road
Navi Mumbai, Maharashtra1800 200 1911 Clanic Residency
Krishna Changa Naik Marg, Nerul, Sector 42A, Seawoods West, Navi Mumbai, Maharashtra1800 200 1911 Royal Residency
RS Regency Road, Sector 5, Kopar Khairane, Navi Mumbai, Maharashtra1800 200 1911 Central Bank of India Net Banking
https://www.centralbank.net.in/About Online CBI, Registration Forms, Net Banking Branches ... NRO Customer customer can also open the Term Deposit Account through Internet Banking ...Central Bank of India Net Banking
https://www.centralbank.net.in/jsp/PhishingInfo_retail.htmlBanks never ask their customers to provide their username, password, or credit card numbers through e-mails. User ID and password should not be parted with ...Central Bank Of India branches in Mumbai - Bank Locations
www.banklocations.in/bank_specific_details.jsp?bank_main_id=10...Central Bank Of India Branches in Mumbai. Note:If you think there are any discrepancies in this information please let us know(info@easywaytech.com)Central Bank of India in Navi Mumbai, Mumbai - 400703 ...
yellowpages.sulekha.com › ... › Banks in Navi Mumbai, MumbaiCentral Bank of India in Navi Mumbai, Mumbai - 400703 - Get Central Bank of Indiain Navi Mumbai address, phone numbers and contact person details ...Central Bank of India Branches Navi Mumbai - Sulekha ...
yellowpages.sulekha.com/central-bank-of-india_navi-mumbai_mumbai_...Central Bank of India Branches in Navi Mumbai - List of Central Bank of India in Navi Mumbai, Central Bank of India Branches Navi Mumbai, Central Bank of ...Central Bank Of India in Vashi sector 9, Mumbai | Branch ...
www.asklaila.com › Mumbai › Financial Services › BankBank : Central bank of india in Vashi sector 9 Mumbai - Central Bank Of India Nerul,Central Bank Of India Nerul, Central Bank Of India Belapur, Central Bank Of ...Central Bank of India - Wikipedia, the free encyclopedia
en.wikipedia.org/wiki/Central_Bank_of_IndiaCentral Bank of India (Marathi: सेंट्रल बँक ऑफ इंडिया), a government-owned bank, is one of the oldest and largest commercial banks in India. It is based ... Central Bank of India - The Economic Times - Indiatimes.com
economictimes.indiatimes.com › Markets › Stocks › Stock Price QuotesView Central Bank of India NSE & BSE Live Share price. Get details on Central Bank of India future and option price, technical chart, news & announcements, ...Reserve Bank of India - India's Central Bank
www.rbi.org.in/home.aspxRBI releases Data on India's Invisibles for First and Second Quarter (April-June and July-September) of 2014-15 · Flexible Structuring of Existing Long Term ...
Searches related to central bank of india
No comments:
Post a Comment