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The first phase of the bank, with 650 branches and 3,250 post offices as access points was inaugurated on 1 September 2018. [5] [6] Over ten thousand postmen have been roped into the first phase. [7] [8] By September 2020, the bank had acquired about 3.5 crore customers. [9] The bank had acquired about 4 crore customers by December 2020.
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, [6] and the first commercial Indian bank completely owned and managed by Indians.
SIDBI is one of the five All India Financial Institutions regulated and supervised by the Reserve Bank of India. The other four are Exim Bank Of India, NABARD, NABFID and NHB. They play a statutory role in the financial markets through credit extension and refinancing operation activities and cater to the long-term financing needs of the ...
Charles Richard Drew (June 3, 1904 – April 1, 1950) was an American surgeon and medical researcher. He researched in the field of blood transfusions, developing improved techniques for blood storage, and applied his expert knowledge to developing large-scale blood banks early in World War II.
The investment banking industry, including boutique investment banks, have come under criticism for a variety of reasons, including perceived conflicts of interest, overly large pay packages, cartel-like or oligopolistic behavior, taking both sides in transactions, and more. [50] Investment banking has also been criticized for its opacity. [51]
During the 1880s, there had been a speculative boom in the Australian property market. The optimistic climate was fostered by the commercial banks, and also led to the proliferation of non-bank institutions such as building societies; as they were operating in a free banking system, there were few legal restrictions on their operations, and there was no central bank or government-provided ...
The bank was founded on 3 December 1993 as UTI Bank, opening its registered office in Ahmedabad and a corporate office in Mumbai. [11] The bank was promoted jointly by the Administrator of the Unit Trust of India (UTI), [12] Life Insurance Corporation of India (LIC), General Insurance Corporation, National Insurance Company, The New India Assurance Company, The Oriental Insurance Corporation ...
Sir Francis Beaufort. The scale that carries Beaufort's name had a long and complex evolution from the previous work of others (including Daniel Defoe the century before). In the 18th century, naval officers made regular weather observations, but there was no standard scale and so they could be very subjective — one man's "stiff breeze" might be another's "soft breeze"—: Beaufort succeeded ...