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Bank of India (BoI) is an Indian public sector bank headquartered in Bandra Kurla Complex, Mumbai. Founded in 1906, it has been government-owned since nationalisation in 1969. Founded in 1906, it has been government-owned since nationalisation in 1969.
Kukshi is a town in Dhar district of Madhya Pradesh state, India. Kukshi has population of around 37,482 making it a Tier-3 city and a Semi-Urban centre. It is a Nagar Parishad. Kukshi is famous for the business of cotton, chilli, gold and silver, and ready made garments.
The bank is notable for being the thirteenth oldest bank in India. [1] It is also notable for being one of the first institutions in India to issue its own paper banknotes or currency notes. [5] [6] The Paper Currency Act, 1861, abolished the right of private banks to issue their own currency notes. [10] [11]
Kukshi is one of the 230 Vidhan Sabha (Legislative Assembly) constituencies of Madhya Pradesh state in central India. [2] It was founded in 1951 as one of the 79 Vidhan Sabha constituencies of the erstwhile Madhya Bharat state. It is reserved for candidates of the Scheduled tribes. [3]
Rajneesh Karnatak (born 14 July, 1970) is an Indian career banker who serves as the managing director and chief executive officer (CEO) of Bank of India, [1] a public sector bank in India. [2] [3] He was appointed to this position by the government of India in 2023. [4]
In India, the paper currency was first issued during British East India Company rule. The first paper notes were issued by the private banks such as Bank of Hindostan and the presidency banks during late 18th century. Via the Paper Currency Act of 1861, the British Government of India was conferred the monopoly to issue paper notes in India. [5]
Surendra Singh Baghel also known as Honey Baghel (born 17 March 1977) was the Minister of Tourism Department and Narmada Valley Development Department of Madhya Pradesh but resigned due to political turmoil, [1] [2] and also the Member of Legislative Assembly from Kukshi constituency of Madhya Pradesh.
The three banks were merged in 1921 to form the Imperial Bank of India, which upon India's independence, became the State Bank of India in 1955. For many years, the presidency banks had acted as quasi-central banks, as did their successors, until the Reserve Bank of India [5] was established in 1935, under the Reserve Bank of India Act, 1934 ...