The Central Bank of India accepted these challenges and continuously expanded its services to keep pace with the emerging economic scenario. The Central Bank of India launched several pioneering initiatives, such as the Home Savings Safe Deposit Scheme in 1921, etc. In 1963, the government in Burma (Myanmar) nationalized the operations of the Central Bank of India and renamed it People’s Bank No.1. In 1969, the Government of India nationalized the Central Bank of India along with 13 other banks. If you are interested in Central Bank of India Postage Stamp or Miniature Sheet you can buy from Philacy.com
23-12-2010: Central Bank of India Postage Stamp
Central Bank of India was founded by Sir Sorabji Pochkhanawala in 1911,with its headquarters located in Mumbai. It was established with the vision of creating a commercial bank owned and managed by Indians. It is one of the oldest and largest commercial banks in India today. Sir Sorabji Pochkhanawala proudly declared it the asset of the nation and the asset of the country, emphasizing its status as the people’s bank. The Indian Postal Department issued a postage stamp commemorating the work and development of the Central Bank of India. The Central Bank of India expanded its reach by opening a branch in Hyderabad in 1918 and a branch in Secunderabad in 1925.
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