A Review on Central Bank of India

Central Bank of India

Introduction:

Central Bank of India, a government-owned bank, is one of the oldest and largest commercial banks in India. It is based in Mumbai which is the financial capital of India and capital city of state of Maharashtra.

It is one of twelve public sector banks in India to get recapitalized in 2009. Despite its name it is not the central bank of India. It is a public bank. In a merging initiative of the NDA government, Central Bank of India is kept as a separate entity owing to its pan-India presence.

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.

As on 31st March 2020, the bank has a network of 4,651 branches, 3,642 ATMs, ten satellite offices and one extension counter. It has a pan-India presence covering all 28 states, Seven out of eight union territories and 574 district headquarters out of all districts in the country

History:

A 2010 stamp dedicated to Sorabji Pochkhanawala and the 100th anniversary of the Central Bank of India
The Central Bank of India was established on 21 December 1911 by Sir Sorabji Pochkhanawala with Sir Pherozeshah Mehta as Chairman, and claims to have been the first commercial Indian bank completely owned and managed by Indians.

Early-20th century

By 1918 it had established a branch in Hyderabad. A branch in nearby Secunderabad followed in 1925.
In 1923, it acquired the Tata Industrial Bank in the wake of the failure of the Alliance 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.[citation needed]
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.

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.

Bank of Canada

Introduction:

The Bank of Canada (BoC; French: Banque du Canada) is a Crown corporation and Canada's central bank. Chartered in 1934 under the Bank of Canada Act, it is responsible for formulating Canada's monetary policy, and for the promotion of a safe and sound financial system within Canada. The Bank of Canada is the sole issuing authority of Canadian banknotes, provides banking services and money management for the government, and loans money to Canadian financial institutions. The contract to produce the banknotes has been held by the Canadian Bank Note Company since 1935.

The Bank of Canada headquarters are located at the Bank of Canada Building, 234 Wellington Street in Ottawa, Ontario. The building also used to house the Bank of Canada Museum, which opened in December 1980 and temporarily closed in 2013. As of July 2017, the museum is now located at 30 Bank Street, Ottawa, Ontario, but is connected to the main buildings through the Bank of Canada's underground meeting rooms.

Roles and responsibilities:

The mandate of the Bank of Canada is defined in the Bank of Canada Act preamble and it states,

WHEREAS it is desirable to establish a central bank in Canada to regulate credit and currency in the best interests of the economic life of the nation, to control and protect the external value of the national monetary unit and to mitigate by its influence fluctuations in the general level of production, trade, prices and employment, so far as may be possible within the scope of monetary action, and generally to promote the economic and financial welfare of Canada.

The Bank of Canada's responsibilities focus on the goals of low, stable and predictable inflation; a safe and secure currency; a stable and efficient financial system in Canada and internationally; and effective and efficient funds-management services for the Government of Canada, as well as on its own behalf and for other clients.

In practice, however, it has a more narrow and specific internal definition of that mandate: to keep the rate of inflation (as measured by the Consumer Price Index) between 1% and 3%. Since adoption of the 1% to 3% inflation target in 1991 and 2019, the average inflation rate was 1.79% .]The most potent tool the Bank of Canada has to achieve this goal is its ability to set the interest rate for borrowed money. Because of the large amount of trade between Canada and the United States, specific adjustments to interest rates are often affected by those in the US at the time.

Central Bank of India
Central Bank of India ya indian govt ka bank hy govt ka sara daro midar is bank par hy . Indian govt apni ijaradari is bank sy zaida krta hy . Q k ya bank govt ka hy.
Central Bank of India ya is waqt india ma sub sy bara bank hy our is ki sakhain hr sahar ma hy. Is bank ki boht bari bari baranchy pury inda ma phali hoi hy . Central Bank of India ki sub sy bari our main branch Mumbi ma waqia hy.yahan sy sub bankoo ko control krti hy.

सरकारी स्वामित्व वाला बैंक, सेंट्रल बैंक ऑफ़ इंडिया, भारत में सबसे पुराने और सबसे बड़े वाणिज्यिक बैंकों में से एक है। यह मुंबई में स्थित है जो भारत की वित्तीय राजधानी और महाराष्ट्र राज्य की राजधानी है।

यह 2009 में पुनर्पूंजीकृत होने के लिए भारत के बारह सार्वजनिक क्षेत्र के बैंकों में से एक है। इसके नाम के बावजूद यह भारत का केंद्रीय बैंक नहीं है। यह एक सार्वजनिक बैंक है। एनडीए सरकार की एक विलय पहल में, सेंट्रल बैंक ऑफ इंडिया को इसकी अखिल भारतीय उपस्थिति के कारण एक अलग इकाई के रूप में रखा गया है।

सेंट्रल बैंक ऑफ इंडिया ने भारतीय रिजर्व बैंक (rbi) से पांच और स्थानों - सिंगापुर, दुबई, दोहा और लंदन में प्रतिनिधि कार्यालय खोलने की अनुमति के लिए संपर्क किया है।

31 मार्च 2020 तक, बैंक के पास 4,651 शाखाओं, 3,642 एटीएम, दस उपग्रह कार्यालयों और एक विस्तार काउंटर का नेटवर्क है। इसमें सभी 28 राज्यों, आठ केंद्र शासित प्रदेशों में से सात और देश के सभी जिलों के 574 जिला मुख्यालयों को कवर करते हुए अखिल भारतीय उपस्थिति है।

centaral bank india ka bohat hi old bank ha.ya mumbai ma waqya ha. ya indi ma 12 banko ma sa ak ha jo ab dobara kam ma lai gai ha.ya ak markazi bank ha .31 march 2020 tak 4651 brancho 3642 ATM ka nat work ha.2010 ka dak tikat sentaral bank ki 100 we salgira ka liya waqaf kiya gya.

A Review on Central Bank of India

Central Bank of India ya india ki ak bohat hi bari or bohat hi purani bank ha.31 march 2020 tak 4651 brancho ban chuki the.or ATM 3642 ka net work ha.2010 ka dak tikat sentaral bank ki 100 we salgira ka liya waqaf kiya gya.ya mumbai ma waqya ha. ya india ma 12 banko ma sa ak ha jo ab dobara kam ma lai gai ha.ya ak markazi bank ha.

सरकारी स्वामित्व वाला बैंक, सेंट्रल बैंक ऑफ़ इंडिया, भारत के सबसे पुराने और सबसे बड़े वाणिज्यिक बैंकों में से एक है। यह मुंबई में स्थित है जो भारत की वित्तीय राजधानी और महाराष्ट्र राज्य की राजधानी है।

यह 2009 में पुनर्पूंजीकृत होने के लिए भारत के बारह सार्वजनिक क्षेत्र के बैंकों में से एक है। इसके नाम के बावजूद यह भारत का केंद्रीय बैंक नहीं है। यह एक सार्वजनिक बैंक है। एनडीए सरकार की एक विलय पहल में, सेंट्रल बैंक ऑफ इंडिया को अपनी अखिल भारतीय उपस्थिति के कारण एक अलग इकाई के रूप में रखा गया है।

सेंट्रल बैंक ऑफ इंडिया ने भारतीय रिजर्व बैंक (rbi) से पांच और स्थानों - सिंगापुर, दुबई, दोहा और लंदन में प्रतिनिधि कार्यालय खोलने की अनुमति के लिए संपर्क किया है।

31 मार्च 2020 तक, बैंक के पास 4,651 शाखाओं, 3,642 एटीएम, दस उपग्रह कार्यालयों और एक विस्तार काउंटर का नेटवर्क है। इसमें सभी 28 राज्यों, आठ केंद्र शासित प्रदेशों में से सात और देश के सभी जिलों के 574 जिला मुख्यालयों को शामिल करते हुए अखिल भारतीय उपस्थिति है।

सेंट्रल बैंक ऑफ इंडिया की स्थापना 21 दिसंबर 1911 को सर सोरबजी पोखनावाला ने सर फिरोजशाह मेहता के साथ चेयरमैन के रूप में की थी, और दावा किया गया कि यह पहला वाणिज्यिक भारतीय बैंक है जो पूरी तरह से भारतीय स्वामित्व में है और भारतीयों द्वारा प्रबंधित है।