Rekha Jatev 6th

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Text of Rekha Jatev 6th

INTRODUCTIONThis chapter contains the information about Central Bank of India origin, vision,

Profile:Established in 1911, Central Bank of

India was the first Indian commercial bank, which was wholly owned and managed by Indians. The establishment of the Bank was the ultimate realisation of the dream of Sir Sorabji Pochkhanawala, founder of the Bank. Sir Pherozesha Mehta was the first Chairman of a truly 'Swedish Bank'. In fact, such was the extent of pride felt by Sir Sorabji Pochkhanawala that he proclaimed Central Bank as the 'property of the nation and the country's asset'. He also added that 'Central Bank lives on people's faith and regards itself as the people's own bank'. During the past 95 years of history the Bank has weathered many storms and faced many challenges. The Bank could successfully transform every threat into business opportunity and excelled over its peers in the Banking industry. A number of innovative and unique banking activities have been launched by Central Bank of India and a brief mention of some of its pioneering services are as under: 1921 Introduction to the Home Savings Safe Deposit Scheme to build saving/thrift habits in all sections of the society. 1924 An Exclusive Ladies Department to cater to the Bank's women clientele.

1926

Safe

Deposit

Locker

facility

and

Rupee

Travelers' Cheque. 1929 Setting up of the Executor and Trustee

Department. 1932 1962 Deposit Insurance Benefit Scheme. Recurring Deposit Scheme.

Subsequently, even after the nationalization of the Bank in the year 1969, Central Bank continued to introduce a number of innovative banking services as under: 1976 1980 1986 The Merchant Banking Cell was established. Central card, the credit card of the Bank was introduced. 'Platinum Jubilee Money Back Deposit Scheme' was launched. 1989 The housing subsidiary Cent Bank Home Finance Ltd. was started with its headquarters at Bhopal in Madhya Pradesh. 1994 Quick Cheque Collection Service (QCC) &

Express Service was set up to enable speedy collection of outstation cheque.

Further in line with the guidelines from Reserve Bank of India as also the Government of India, Central Bank has been playing an increasingly active role in promoting the key thrust areas of agriculture, small scale industries as also medium and large industries. The Bank also introduced a number of Self Employment Schemes to promote employment among the educated youth.

Among the Public Sector Banks, Central Bank of India can be truly described as an All India Bank, due to distribution of its large network in 27 out of 28 States as also in 4 out of 7 Union Territories in India. Central Bank of India holds a very prominent place among the Public Sector Banks on account of its network of 3194 branches and 267 extension counters at various centers throughout the length and breadth of the country In view of its large network of branches as also number of savings and other innovative services offered, the total customer base of the Bank at over 25 million account holders is one of the largest in the banking industry. Customers' confidence in Central Bank of India's wide ranging services can very well be judged from the list of major corporate clients such as ICICI, IDBI, UTI, LIC, HDFC as also almost all major corporate houses in the country.

Vision:Our vision is to emerge as a strong, vibrant and pro-active bank and to

positively contribute to emerging needs of the economy through harmonization of human, financial and technological resources and effective risk control system.

Capital structure:The authorized Capital of Central Bank of India is

15,000 million equity shares of Rs.10 each & 8,000 million are perpetual noncumulative preference shares. Out of which 324,141,460 equity shares of Rs.10 issued and 80,000,000 equity shares of Rs. 10 fully paid up. General Managers Name Shri G Gupta Designation Priority Sector/ Rajbhasha/ Operation/ Central Card/ Subsidiaries Tel. No. 022-22161091

Shri S Suresh Shri K K Gupta Shri R P Sharma Shri S G Nadgonde Shri A Ghosh Shri G P Chitnis Shri N Natrajan Shri R N Vadivelu Shri R Natarajan Shri S M Deshpande Shri V P Sathe Shri H K Vesuna Shri K A Somayajulu

Credit/ Credit Policy/ Loan Credit Appraisal Zonal Manager - New Delhi Zonal Manager - Kolkata New Initiative Dept/ Planning & Development/ Profitability HRD/ Dept of IT/ Risk Management Audit & Inspection/ House Keeping & IBR/ General Administration Dept International Division/ Treasury/ MBD/ Dept of IT Planning & Development/ Accounts/ Legal/ Recovery Zonal Manager - Mumbai Metro Audit/ Inspection/ Inter Branch Reconciliation/ Housekeeping Accounts/ Recovery/ Legal & BIFR/ HRD Zonal Manager - Chennai

022-22022048 022-22021553 011-23318964 033-22301270 022-22024601 022-22022565 022-66387777 022-22831592 022-22026776 022-22043673 022-27580571 022-22023326 044-28554792

Corporate Office

Central Bank of India Chander Mukhi, Narman Point Mumbai 400 021 Tel: 022 6638 7777Zonal Offices

AGRA Block No. 37/2/4, Sanjay Place Agra 282 002 AHMEDABAD

Tel.: 0562 2850154/3424 Fax: 0562 2853698/1341 Email: zmagrazo@centralbank.co.in

Central Bank Building P.O. No. 205, Lal Darwaja Ahmedabad 380 001 BHOPAL 9, Arera Hills, Jail Road Bhopal 462 011

Tel.: 079 25503586 Fax: 079 25505995 Email: zmahmezo@centralbank.co.in Tel.: 0755 2674037/36/35/34/33 Fax: 0755 2552019 Email: zmbhopzo@centralbank.co.in

CHANDIGARH P. B. No. 13, No. 58-59 Tel.: 0172 2702994/98 Bank Square, Sector 17B Fax: 0172 2704047 Chandigarh 160 017 Email: zmchanzo@centralbank.co.in CHENNAI 48/49, Monteith Road Tel.: 044 28554792/4692/4620 Egmore, Fax: 044 28551260 Chennai 600 008 Email: zmchenzo@centralbank.co.in GUWAHATI G. S. Road, Central Bank Tel.: 0361 22457651/52 Building Fax: 0361 22452154 Email: Bhangagarh, zmguwazo@centralbank.co.in Guwahati 781 005 HYDERABAD P. B. No. 522, 710-712 Tel.: 040 24740361/64, 24611402-05 Mahapathram Road, Bank Fax: 040 24742841 Email: Street zmhydezo@centralbank.co.in Hyderabad 500 195 KOLKATA Central Bank Building Tel.: 033 22301270/1275/7007 33, Netaji Subhash Road Fax: 033 22309864 Kolkata 700 001 Email: zmkolkzo@centralbank.co.in LUCKNOW P. B. No. 10, Akash Deep Tel.: 0522 2611301-4 23, Vidhan Sabha Road Fax: 0522 2621213 Lucknow 226 001 Email: zmluckzo@centralbank.co.in MUMBAI METRO ZONAL OFFICE Standard Building, 1st Floor Tel: 022 22047229/7301/7304 D. N. Road, Fax: 022 22044720 Mumbai 400 023 Email: zmmmzo@centralbank.co.in MUZAFFARPUR Pawapuri Vihar Building, N. Tel: 0621 22251855 H. 28 Fax: 0621 2251784 Near Bhagwanpur Chowk Email: zmmuzazo@centralbank.co.in

Muzaffarpur 842 001 NAGPUR Oriental Building, 2nd Floor Kamptee Road, Nagpur 440 001 NEW DELHI P. B. No. 7007, Link House Press Area, 3 Bahadurshah Jafar Road, New Delhi 110 002 PATNA 2nd Floor, Block B Maurya Lok Complex Dak Banglow Road, Patna 800 001 PUNE P. B. No. 98, 317 M. G. Road, Pune 411 001 RAIPUR 1st Floor, Block C Bombay Market, G. E. Road, Raipur 492 001

Tel.: 0712 2520361-63 Fax: 0712 2520365 Email: zmnagpzo@centralbank.co.in Tel.: 011 23318964, 23319268/69 Fax: 011 23311332/237 Email: zmdelhzo@centralbank.co.in Tel.: 0612 2226607 Fax: 0612 2221898 Email: zmpatnzo@centralbank.co.in Tel.: 020 26131611-17 Fax: 020 26131618 Email: zmpunezo@centralbank.co.in Tel.: 0771 2226756, 2225171 Fax: 0771 2234895 Email: zmraipzo@centralbank.co.in

HISTORY OF CENTRAL BANK OF INDIASir Sorabji Pochkhanawala established Central Bank of India in 1911. It was the first Indian commercial bank, which was wholly owned and managed by Indians. Sir Pherozeshah Mehta was the first Chairman of the Bank. In 1969, Central Bank of India was nationalized along with 13 other banks. In its 95 years of history, Central Bank of India has launched a number of innovative and unique banking activities. Major among them are: 1921: Introduction of the Home Savings Safe Deposit Scheme to build saving/thrift habits in all sections of the society. 1924: An Exclusive Ladies Department to cater to the Bank's women clientele. 1926: Safe Deposit Locker facility and Rupee Travellers' Cheques. 1929: Setting up of the Executor and Trustee department. 1932: Deposit Insurance Benefit Scheme. 1962: Recurring Deposit Scheme. 1976: The Merchant Banking Cell was established. 1980: Centralcard, the credit card of the Bank was Introduced. 1986: 'Plantinum Jubilee Money Back Deposit Scheme' Was launched. 1989: The housing subsidiary Cent Bank Home Finance Ltd. was started with its headquarters at Bhopal in Madhya Pradesh. 1994: Quick Cheque Collection Service (QCC) & Express Service were set up to enable speedy collection of

Outstation cheques.

Central Bank of India has a large network of 3161 branches and 270 extension counters spread over 27 States and 4 Union Territories. The Bank has a total customer base of over 25 million account holders, which is one of the largest in the banking industry.

OBJECTIVES OF THE STUDYThe objectives of the study are based on the concept of Income & Investment Sources. The researcher has tried to represents the concept of different sources of Incomes & Investments analysis in this project. The various objectives are discussed as under:

To understand the issue of Income & Investment Sources as practiced by the

bank.

To know about the different sources Incomes & Investment of the bank. To discuss about the role of Central Bank of India in banking field. To know about the benefits of investments to the bank.

PROFILE CENTRAL BANK OF INDIACentral Bank of India

Type

Public BSE & NSE:CENTRALBK Financial Commercial banks 21 December 1911 (101 years ago) Mumbai,