Sir sorabji pochkhanawala biography of michael myers

Sir sorabji pochkhanawala biography of michael myers: Shri Noshir Sorabji Pochkhanawala

His father died when Sorabji was six, leaving the family in poverty as most of their savings had been lost in a bank failure. After matriculating from Bombay University in at the age of 16, Pochkhanawala entered Saint Stephen"s College to begin his Bachelor studies, but left after failing his first examinations. With his brother"s help, he found a job in the Chartered Bank as a clerk, earning a salary of Rs.

He also took a book-keeping course and subsequently passed the book-keeping examinations for the London Chamber of Commerce. One day, while reading a copy of the Journal of the Institute of Bankers, London, he elected to study for the Institute"s examinations and qualify as a professional banker. Though he passed the first set of examinations on his first attempt, he was disillusioned by the racism he encountered in the process.

Ultimately, though, he succeeded in becoming the first Indian Certificated Associate of the Institute. After seven years at the Chartered Bank, Pochkhanawala resigned in He then joined the newly established Bank of India, established by several Indian merchants, as an accountants By this time, he had come to understand how the British dominated banking in India, which led him to envision a purely Indian-controlled bank, by which Indians could exercise dominance over their financial affairs After successfully locating premises, they managed to form a board of directors after much difficulty.

The prominent Parsi barrister Sir Pherozeshah Mehta was then invited to become chairman of the venture, and accepted. On 11 December , the commenced business with a capital of 50 lakhs rupees, divided into rupee shares. Within its first week of official existence, over 70 accounts totaling 1.