Central Bank of India (CBI) Regional Office Ranchi celebrated the 114th Foundation Day of the Bank.

The program was started by Regional Head Sunil Kumar by garlanding the portrait of the founder late Sir Sorabji Pochkhanawala. Addressing the guests present on the occasion, Mr. Kumar said that Central Bank of India is the first indigenous bank of the country. The foundation of Central Bank of India was laid by Sir Sorabji Pochkhanawala on 21 December 1911.

Kumar said that at present it has about 5000 branches all over India. "Through these branches, the bank is spreading its services to the remote areas and the poorest population. Various public utility and attractive products of deposit and loan are benefiting the people," he said. While discussing the glorious history of Central Bank, the Regional Chief said that during the British rule, Shri Sorabji had laid the foundation stone of this bank to connect the Indian citizens deprived of banking services with banking operations and even today the bank is operating about 75 percent of its branches in rural and semi-urban areas.

On the occasion of Foundation Day, the Sukhdev Nagar branch of the local Central Bank of India was inaugurated in a new building by Kumar by cutting the ribbon.

In this sequence, while presenting certificates to the branch managers who have shown excellent performance in various banking parameters in the current financial year among the 47 branches under Ranchi region, Shri Kumar called upon all the branches to successfully fulfill the responsibility of taking the bank towards progress by working in this manner continuously.

On the occasion of Foundation Day, a loan of about 52 crores was sanctioned by the branches under the regional office.

Various types of colorful programs were organized in the program and people celebrated the Foundation Day enthusiastically through songs and music.

The officers and employees of the Regional Office Ranchi played an important role in the successful conduct of the programme.