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• Central Bank Of India

Central Bank Of India

Central Bank Of India is the first commercial bank having the Indian touch and established to provide the financial protection to people from all walks of life. Inaugurated in 1911 has more than 6000 branches and good in offering facilities like , Personal, Corporate, Investment banking, Online Banking, Loans, Shares, Debentures, Credit Bills, Locker Creations, Credit Card, Online Banking, Mortgages, and the E statements.

History of Central Bank of India

The Central Bank of India is one of the nationalised bank in India and the oldest bank after the State Bank of India. Established on December 21, 1911 by Sir Sorabji Pochkanawala and Sir Pherozshah Mehta as the leading founders, this bank has been completely governed by Indians. It also took control of the Tata Industrial Bank and Alliance Bank of Shimla. We played a vital role during the first and the second world wars in mobilising the financial resources all over the nation and set up many offices. Telegram  and Telegraph was the major mode of transfer done during this period and we have 4685 branches in urban and rural areas of India. We are proud owners of 4886 ATM in India as on March 31st 2018. 

Tapan Ray is the Chairman of Central Bank of India and Shri M. V. Rao is the Managing Director and Chief Executive Officer of the Central Bank of India. The headquarters of Central Bank of India is located in Nariman Point in Mumbai.

Subsidiaries of Central Bank of India

There are many subsidiaries of the Central Bank of India and they are given below as follows:

• Centbank Home Finance Limited.
• Centbank Financial Services Limited

Banking Services offered by Central Bank of India

There are many banking services offered by the Central Bank of India and they are given below as follows

• Time Deposits.
• E-Statements.
• Savings Account.
• Current Account.
• Internet Banking.
• Customer Passbook.
• Safe Deposit Lockers.
• Small Savings Scheme.
• Fixed Deposits Scheme.
• Customised Cheque Book.
• Recurring Deposits Scheme.
• Debit and Credit Card Services.

Legal Issues

During the early 80 there was an issue where in the managers of the London branch of the Union Bank of India, Punjab National Bank and the Central Bank of India were involved in a fraud, where in they made transaction of huge amount to Indias neighbour Bangladesh. A Jute trader from Bangladesh Mr. Rajinder Sethia was involved and the Central Bank of India came to the fore and closed the London branch of all the above mentioned branches.

Awards and Recognition

• Best Banking Technology Award to the Central Bank of India sponsored by IBA in 2016.
• Awarded the Fintech India Award 2016 under the category of the Mobile Banking at a function organised in Mumbai. 
• Banks In house Journal named CENRTRALITE has been named as best journal under the Banks House Journal Prize Schemes.
• Awarded the "Rajyabhasha Kirti Puraskaar" under the nationalised banks in a function at Rastrapathi Bhavan in 2016 in front of top banking management gurus

Central Bank Of India has 4782 IFSC connected branches in India. Bank has branches in following states:

ANDAMAN AND NICOBAR ISLAND
ANDHRA PRADESH
ARUNACHAL PRADESH
ASSAM
BIHAR
CHANDIGARH
CHATTISGARH
CHHATTISGARH
DADRA AND NAGAR HAVELI
DAMAN AND DIU
DELHI
GOA
GUJARAT
HARYANA
HIMACHAL PRADESH
JAMMU AND KASHMIR
JHAGRAKHAND COLLIERY
JHARKHAND
KARNATAKA
KERALA
MADHYA PRADESH
MAHARASHTRA
MANIPUR
MEGHALAYA
MIZORAM
NAGALAND
ODISHA
PUDUCHERRY
PUNJAB
RAJASTHAN
SIKKIM
TAMIL NADU
TELANGANA
TRIPURA
UTTAR PRADESH
UTTARAKHAND
WEST BENGAL