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Narendra Modi’s call to develop banking as out-of-box service, set up Sir Sorabji chair in B-Schools to study growth of Central Bank of India

Ahmedabad, Thursday: Gujarat Chief Minister Narendra Modi has called for expanding the banking industry as out-of-box service, to bring more people under its cover especially in rural and uncovered areas.

Speaking at a function here on Wednesday evening to mark the centenary celebration of Central Bank of India, Mr. Modi said the success story of a 30-year-old Gujarati Parsi Sir Sorabji founding a Swadeshi bank way back in 1911 should be made a subject of study in management schools and universities. It also calls for setting up chair professorship.

The Chief Minister said it was a matter of pride that out of bank’s ten best branches in different zones in the country, four are in Gujarat. He asked the bank management to train local youth to empower them for the facelift of the villages. He called for better utilization of thousands of tons of gold lying in India.

He said that Gujarat Government’s ‘Mission Mangalam’ is one project which has drawn a plan to allocate Rs.5,000-crore to 25-lakh women through Sakhi Mandals.

He honoured the staff of the bank’s prize winning branches and also the best Sakhi Mandals.

The function was attended by Central Bank of India Chief General Manager Mr. Vesu, Regional Manager S.P.S. Agrawal, Reserve Bank’s Sudarshan Sen, Nabard’s Harish Dave, Gujarat University Vice-Chancellor Parimal Trivedi and Mr. Sudhir Nanavaty of GLS.

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