INDIAN BANKNOTES ANCIENT COINS,STAMPS,POSTAL HISTORY,,,
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Friday, October 30, 2009
Wednesday, August 26, 2009
Imperial bank of India
RESERVE BANK OF INDIA is an off shoot off ,The Imperial Bank of India was the oldest and the largest commercial bank of the Indian subcontinent, and was subsequently transformed into State Bank of India in 1955.
The Imperial Bank of India came into existence on 27 January 1921 when the three Presidency Banks of colonial India, were reorganized and amalgamated to form a single banking entity. The three Presidency banks were the Bank of Bengal, established on 2 June 1806, the Bank of Bombay ,incorporated on 15 April 1840, and the Bank of Madras,incorporated on 1 July 1843.Imperial Bank of India performed all the normal functions which a commercial bank was expected to perform. In the absence of any central banking institution in India until 1935, the Imperial Bank of India also performed a number of functions which are normally carried out by a central bank.
In 1924, at Apollo Street, currently called Mumbai Samachar Marg, Mumbai, a magnificent stone structure with fretted windows, was constructed to house a branch of the Imperial Bank of India.
In 1933, Sir Badridas Goenka, an important public figure and business tycoon of his time, and a prominent member of Marwari community of Calcutta, became the first Indian to be appointed as the Chairman of the Imperial Bank of India.
The Reserve Bank of India, which is the central banking organization of India, in the year 1955, acquired a controlling interest in the Imperial Bank of India and the Imperial Bank of India was christened on 30 April 1955 as the State Bank of India, and this transformation from the Imperial Bank of India to the State Bank of India was given legal recognition in terms an Act of the Parliament of India, which came into force from 1 July 1955. The day on which the Imperial Bank of India became the State Bank of India, IBI had 480 branches, sub-offices, and three local head offices; and had under its control and command slightly more than a quarter of the resources of the Indian banking industry. The branch network of State Bank of India has since grown to 9093 branches as on 31 March 2004. In 2007 Reserve Bank of India transferred its stake in State Bank of India to Government of India.
INDIAN BANKNOTES ANCIENT COINS,STAMPS,POSTAL HISTORY,,,
musham3@gmail.com
The Imperial Bank of India came into existence on 27 January 1921 when the three Presidency Banks of colonial India, were reorganized and amalgamated to form a single banking entity. The three Presidency banks were the Bank of Bengal, established on 2 June 1806, the Bank of Bombay ,incorporated on 15 April 1840, and the Bank of Madras,incorporated on 1 July 1843.Imperial Bank of India performed all the normal functions which a commercial bank was expected to perform. In the absence of any central banking institution in India until 1935, the Imperial Bank of India also performed a number of functions which are normally carried out by a central bank.
In 1924, at Apollo Street, currently called Mumbai Samachar Marg, Mumbai, a magnificent stone structure with fretted windows, was constructed to house a branch of the Imperial Bank of India.
In 1933, Sir Badridas Goenka, an important public figure and business tycoon of his time, and a prominent member of Marwari community of Calcutta, became the first Indian to be appointed as the Chairman of the Imperial Bank of India.
The Reserve Bank of India, which is the central banking organization of India, in the year 1955, acquired a controlling interest in the Imperial Bank of India and the Imperial Bank of India was christened on 30 April 1955 as the State Bank of India, and this transformation from the Imperial Bank of India to the State Bank of India was given legal recognition in terms an Act of the Parliament of India, which came into force from 1 July 1955. The day on which the Imperial Bank of India became the State Bank of India, IBI had 480 branches, sub-offices, and three local head offices; and had under its control and command slightly more than a quarter of the resources of the Indian banking industry. The branch network of State Bank of India has since grown to 9093 branches as on 31 March 2004. In 2007 Reserve Bank of India transferred its stake in State Bank of India to Government of India.
INDIAN BANKNOTES ANCIENT COINS,STAMPS,POSTAL HISTORY,,,
musham3@gmail.com
Bank notes of BRITISH-INDIA
INDIAN BANKNOTES ANCIENT COINS,STAMPS,POSTAL HISTORY,,,
musham3@gmail.com
Thursday, August 20, 2009
SHIVA KESAVA ON COIN
Hinduism is a combination of secular and sacred beliefs, rituals, daily practices and traditions that has
evolved over the course of over two thousand years and embodies complex symbolism combining the natural world
with philosophy. Hindu temples began as simple shrines housing a deity and by the time of the Hoysalas had
evolved into well articulated edifices in which worshippers sought transcendence of the daily world. Hoysala
temples were not limited to any specific organised tradition of Hinduism and encouraged pilgrims of different
Hindu devotional movements. The Hoysalas usually dedicated their temples to Lord Shiva or to Lord Vishnu (two
of the major Hindu gods), but they occasionally chose a different deity. Worshippers of Shiva are called
Shaivas or Lingayats and worshippers of Vishnu are called Vaishnavas. While King Vishnuvardhana and his
descendants were Vaishnava by faith, records show that the Hoysalas maintained religious harmony by building as
many temples dedicated to Shiva as they did to Vishnu.[3] Most of these temples have secular features with
broad themes depicted in their sculptures. This can be seen in the famous Chennakesava Temple at Belur
dedicated to Vishnu and in the Hoysaleswara temple at Halebidu dedicated to Shiva. The Kesava temple at
Somanathapura is different in that its ornamentation is strictly Vaishnavan. Generally Vaishnava temples are
dedicated to Keshava (or to Chennakeshava, meaning "Beautiful Vishnu") while a small number are dedicated to
Lakshminarayana and Lakshminarasimha (Narayana and Narasimha both being avatars, or physical manifestations, of
Vishnu) with Lakshmi, consort of Vishnu, seated at his feet. Temples dedicated to Vishnu are always named after
the deity. The Shaiva temples have a Shiva linga, symbol of fertility and the universal symbol of Shiva, in the
shrine. The names of Shiva temples can end with the suffix eshwara meaning "Lord of". The name "Hoysaleswara",
for instance, means "Lord of Hoysala". The temple can also be named after the devotee who commissioned the
construction of the temple, an example being the Bucesvara temple at Koravangala, named after the devotee
Buci.[5] The most striking sculptural decorations are the horizontal rows of exquisitely detailed, intricately
carved images of gods, goddesses and their attendants on the outer temple wall panels. The Doddagaddavalli
Lakshmi Devi ("Goddess of Wealth") Temple is an exception as it is dedicated to neither Vishnu nor Shiva. The
defeat of the Jain Western Ganga Dynasty (of present-day south Karnataka) by the Cholas in the early 11th
century and the rising numbers of followers of Vaishnava Hinduism and Virashaivism in the 12th century was
mirrored by a decreased interest in Jainism.However, two notable locations of Jain worship in the Hoysala
territory were Shravanabelagola and Kambadahalli. The Hoysalas built Jain temples to satisfy the needs of its
Jain population, a few of which have survived in Halebidu containing icons of Jain tirthankaras. They
constructed stepped wells called Pushkarni or Kalyani, the ornate tank at Hulikere being an example. The tank
has twelve minor shrines containing Hindu deities. contd part II for more info mail to musham3@gmail.com
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