Central Bank of India

Central Bank of India is one of the largest commercial banks in India. Founded in December 21, 1911 by Sorabji Pochkhanawala, Central Bank of India is believed to be the first commercial bank in India, owned and managed fully by the Indians. In 1923, Central Bank of India acquired Tata Industrial Bank. It has made its position in the Indian banking industry through a range of innovative and unique banking activities, which continued even after the nationalization of banks in India in 1969.

Central Bank of India has been pioneer in introducing various services. Some of those can be listed as below:

  • Introduced Home Savings Safe Deposit Scheme for building thrift/savings habits in 1921.
  • Opened up an exclusive Ladies Department for the women customers in 1924.
  • Safe Deposit Locker facility in 1926.
  • Set up Executor and Trustee Department in 1929.
  • Deposit Insurance Benefit Scheme in 1932.
  • Recurring Deposit Scheme in 1962.
Central Bank of India plays an active role in promoting country's key thrust areas including agriculture, small and large scale industries. It has also played an instrumental role to promote employment by introducing several self-employment schemes. In the financial year ended on March 31, 2009, Central Bank of India registered a net profit of ` 571.24 crore, comparing to a net profit of ` 550.16 crore in the year 2007-08.

Branches

Central Bank of India has its presence in all the Indian state but one, and 4 out of 7 Union Territories of the country. It has an extensive network of 3,546 branches as well as 218 extension counters across the country.

Total Branches   3546
  Rural 1379
  Semi Urban 889
  Urban 680
  Metropolitan 598
ATMs   400
CBS Branches   1211


Shareholding Pattern

Following is the shareholding pattern of Central Bank of India (as on September 30, 2009):

Shareholder Percentage
Government of India 80.20
FIs 7.17
FIIs 3.86
Insurance Companies 0.23
Other Body Corp. 0.80
Public 6.42
Others 1.32


Central Bank of India – Highlights
(as on September 30, 2009)

  • Third largest bank in India in terms of number of branches (3546)
  • Deposits of ` 1,51,506 crore
  • Advances of ` 92,212 crore
  • Investments of ` 57,178.11 crore
  • Capital Adequacy of 12.23%
  • Net NPAs of 0.69%
  • NPA Coverage-cum-Provision of 74.28%
Products & Services

Central Bank of India offers following products and services to its customers:

Deposits

  • Recurring Deposit with Personal Accident Cover
  • CENT Uttam Scheme
  • Monthly Interest Deposit Receipt (MIDR)
  • CENT Tax Saving Deposit
  • CENT Bal Bhavishya
  • Senior Citizen Deposit Scheme
  • Money Multiplier Deposit Certificate (MMDC)
  • CENT Bachat Khata
  • Quarterly Interest Deposit Receipt (QIDR)
  • Central's Flexi Yield Deposit Scheme
Loans

  • Gold Coins Scheme
  • Cent Vidyarthi
  • Loan for Purchase of Hyundai Cars
  • CENT Swabhiman Plus
  • Cent Personal Gold Loan
  • Scheme for Financing Executive MBA
  • Loan to Students of IIMs
  • Cent Doctor Scheme
  • Cent Vehicle
  • Cent Trade
  • Cent Mortgage
  • Cent Computer Loan
  • Cent Liquid Scheme
  • Cent Buy
  • Cent Rentals
  • Cent Vyapari Scheme
  • Cent Multipurpose
  • Personal Loan Scheme (Corporate)
  • Personal Loan Scheme (Non corporate)
  • Loans to Pensioners Drawing Pension
  • Personal Loan to Teachers
  • Personal Loan to Commission Agents LIC
  • Cent Vivah
  • Cent Safar
  • Cent School
  • Cent Kalyani
  • Cent Suvidha
Other Services

  • MasterCard Prepaid Gift Card
  • Visa Platinum Card
  • Bank Visa Gold Card
  • Cash Management Services
  • CENT Billpay
  • Bancassurance
  • Mutual Funds
  • Depository Services
  • Central Card Electronic
  • Central Card
  • Debit Card
E-Payment

  • Online Bill Payment
  • Central Excise & Service Tax Payments
  • Collection of Direct Taxed
  • DGFT Online E-payment
  • West Bengal State Govt. Tax
Useful Information

Central Bank of India
Corporate Office
Chander Mukhi, Nariman Point
Mumbai – 400 021
Ph: +91-22-6638-7777
Web: www.centralbankofindia.co.in

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List of Bank Branches in India