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CFS is a wholly owned subsidiary of Central Bank of India (CBI), one of the largest public sector commercial banks in India. CBI has been operating since 1911, and proudly celebrated its 100 years of operations on December 23, 2010. On the Centenary year, the Government of India has released a postage stamp in the memory of Sir Sorabji Pochkhanawala, founder of the Bank. CBI has reached out to all sectors of the Indian economy and is having one of the largest banking networks in the Country.