GIPE-PUNE-OIIOI2 - DSpace@GIPE

THE BANK CAPITALISM OF YOUNG BENGAL 143-
The dimensions of the Central Bank of India are anything
but ordinary. The evolution of deposits 33 with the
C. B. I. is exhibited below in qinquennial periods;
(a)
(b)
1912 Rs. 11,000,000 1917 Rs. 35,747,000
1913 4,061,000 1918 49,850,000
1914 3,040,000 1919 95,772,000
1915 5,030,000 1920 113,625,000
1916 14,667,000 1921 133,930,000
(c)
(d)
1922 Rs. 132,200,000 1927 Rs. 155,200,000
1923 156,900,000 1928 144,00,0000
1924 138,616,000 1929 126,400,000
1925 141,567,000 1930 148,000,000
1926 168,978,000 1931 171 ,336,000
The ups and downs of the deposit-curve are noticeable,
but all the same we encounter here the experiences.
of a steady growth upwards. These experiences of two
decades (1912-31) point as much to the expansion of
capitalism under Indian auspices· as to the progress in
industrialization, bank-management and the people's.
confidence in joint-stock credit.
Beginning with a staff of thirty, the C.BJ. has on its
employment rolls to-day something above 1,000 persons.
In addition to the five branches in Bombay there are
altogether twenty-one branches in different parts of
India, of which three are located in Calcutta. The
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33 Figures collected hom the annual balance sheets published by the
C.B.1. In 1928 the reserve was reduced by Rs. 2.500.000 in order to establish
a contingency fund for adjusting fluctuations in values of gilt-edged investments,
etc.