KelseyMarsden6 at 10:54, 23 February 2026

2026-02-23T10:54:52Z

New page

{{Short description|Indian public sector bank}}
{{About|the commercial bank|India's central bank|Reserve Bank of India}}
{{Use dmy dates|date=December 2018}}
{{Use Indian English|date=June 2016}}

{{Primary sources|date=December 2008}}
{{Infobox company
| name = Central Bank of India
| image = Central Bank of India, Mumbai.JPG
| image_size = 250px
| logo = Central Bank of India.svg
| logo_size = 250px
| logo_caption = ''Central to You Since 1911''
| type = [[Public company|Public]]
| traded_as = {{BSE|532885}}<br />{{NSE|CENTRALBK}}
| key_people = {{ubl|Tapan Ray <br /> {{small|(Non-Exe Chairman)}}<ref>{{cite news|url=https://economictimes.indiatimes.com/industry/banking/finance/dena-bank-punjab-sindh-bank-central-bank-of-india-get-new-chairpersons/articleshow/64305766.cms|title=Dena Bank, Punjab & Sindh Bank, Central Bank of India get new chairpersons|date=24 May 2018|access-date=3 September 2018|newspaper=The Economic Times}}</ref> | Kalyan Kumar<br /> {{small|(MD & CEO)}}<ref>{{cite news|url=https://www.thehindu.com/business/kalyan-kumar-takes-over-as-md-and-ceo-of-central-bank-of-india/article70116160.ece|title=Kalyan Kumar takes over as MD and CEO of Central Bank of India|date=1 October 2025|newspaper=The Hindu}}</ref>}}
| foundation = {{Start date and age|df=yes|1911|12|21}}
| location = [[Mumbai]], [[Maharashtra]], India
| industry = [[Banking]] <br /> [[Financial service]]s
| revenue = {{Decrease}} {{INRConvert|25897.44|c}}(2021)<ref name="Annual Report 2020-21">{{cite web|url=https://www.centralbankofindia.co.in/sites/default/files/CBI-AR-2020-21.pdf|title=Annual Report of Central Bank of India }}</ref>
| operating_income = {{Increase}} {{INRConvert|5742|c}} (2023)<ref name="Annual Report 2020-21" />
| net_income = {{Increase}} {{INRConvert|1045|c}} (2023)<ref name="Annual Report 2020-21" />
| assets = {{Increase}}{{INRConvert|479128|c}} (2025) <ref name="Annual Report 2020-21" />
| equity = {{Increase}}{{INRConvert|8680.94|c}} (2023) <ref name="Annual Report 2020-21" />
| owner = [[Ministry of Finance (India)|Ministry of Finance]], [[Government of India]] (89.27%)<ref>{{cite web|url=https://centralbank.bank.in/sites/default/files/SHP_SEP_2025.pdf|title=Share holding pattern of Central Bank of India }}</ref>
| parent = [[Government of India]]
| num_employees = 33,081<ref>{{Cite web |title=Employee strength of Public Sector Banks |url=https://sansad.in/getFile/annex/268/AU259_JW71fE.pdf?source=pqars |access-date=2025-07-24 |publisher=Government of India, Ministry of Finance}}</ref>
| ratio = 15.68% (June 2024)
| homepage = {{URL|https://centralbank.bank.in/}}
| slogan =
}}

The '''Central Bank of India''' ('''CBI''') is an [[Public sector banks in India|Indian public sector bank]] based in [[Mumbai]].<ref>[https://www.centralbankofindia.co.in/site/MainSite.aspx?status=1&menu_id=9 Central Bank of India] {{Webarchive|url=https://web.archive.org/web/20160303165848/https://www.centralbankofindia.co.in/site/MainSite.aspx?status=1&menu_id=9 |date=3 March 2016 }}. Central Bank of India (19 April 2011). Retrieved on 31 March 2014.</ref> Despite its name, CBI is not the [[central bank]] of India, a role served by the [[Reserve Bank of India]].

==History==
[[File:Central Bank of India 2010 stamp.jpg|thumb|A 2010 stamp dedicated to Sorabji Pochkhanawala and the 100th anniversary of the Central Bank of India]]
The Central Bank of India was established on 21 December 1911 by Sir [[Sorabji Pochkhanawala]] with Sir Pherozeshah Mehta as chairman,<ref name="The Hindu 2007">{{cite news|url=http://www.thehindu.com/todays-paper/tp-business/Central-Bank-IPO-to-open-on-July-24/article14794226.ece|title=Central Bank IPO to open on 24 July|date=14 July 2007|work=[[The Hindu]]|access-date=5 July 2008|location=[[Chennai]], [[Tamil Nadu]] India}}</ref> and the first commercial Indian bank completely owned and managed by Indians.<ref>{{Cite web |title=Established in 1911, Central Bank of India was the first Indian commercial bank which was wholly owned and managed by Indians |url=https://www.centralbankofindia.co.in/en/about-us/profile |website=centralbankofindia}}</ref>

===Early-20th century===
By 1918, the Central Bank of India had established a branch in [[Hyderabad]]. A branch in nearby [[Secunderabad]] followed in 1925.{{citation needed|date=November 2016}}

In 1923, it acquired the '''Tata Industrial Bank''' in the wake of the failure of the [[Alliance Bank of Simla]]. The Tata Bank, established in 1917, had opened a branch in Madras in 1920 that became the Central Bank of India, Madras.{{citation needed|date=November 2016}}

The Central Bank of India was instrumental in the creation of the first Indian exchange bank, the Central Exchange Bank of India, which opened in [[London]] in 1936. However, [[Barclays]] Bank acquired Central Exchange Bank of India in 1938.<ref>Raychaudhuri, Tappan, Irfan Habib, & Dharma Kumar, eds. (1983) ''The Cambridge Economic History of India: Volume 2, c.1751-c.1970''. (CUP Archive). p. 782. {{ISBN|9780521228022}}</ref>

Also, before World War II, the Central Bank of India established a branch in [[Rangoon]]. The branch's operations concentrated on business between [[Burma]] and India, and especially money transmission via telegraphic transfer. Profits are derived primarily from foreign exchange and margins. The bank also lent against land, produce, and other assets, mostly to Indian businesses.<ref>Turnell, pp. 116–7.</ref>

===Post-World War II===
In 1963, the [[Politics of Burma#Military socialist era|revolutionary government]] in Burma nationalized the Central Bank of India's operations there, which became People's Bank No. 1.<ref>Turnell, p. 226.</ref>

In 1969, the [[Government of India|Indian Government]] [[Indian banking#Nationalisation|nationalized]] the bank on 19 July, together with 13 others.

[[File:Nameboard_of_Central_Bank_of_India_.jpg|thumb|Nameboard of Central Bank of India, Shankar Sheth Road Branch, Pune.]]
[[File:Central Bank of India building at Brabourne Road in Kolkata.jpg|thumb|Central Bank of India, Brabourne Road Branch (in blue), in Kolkata.]]
Central Bank of India was one of the first banks in India to issue credit cards in the year 1980 in collaboration with [[Visa Inc.|Visa]].<ref>{{Cite web |date=2020-07-20 |title=The Evolution of Cards: From Charge Plates to Contactless Cards - Razorpay Business |url=https://razorpay.com/blog/history-credit-debit-cards-visa-mastercard/ |access-date=2025-04-12 |language=en-US}}</ref>

On its 108th Foundation Day, the Central Bank of India launched its first step towards robotic banking, a robot named "MEDHA".

CBI is one of twelve public sector banks in India that was [[Recapitalization|recapitalised]] in 2009.<ref>{{cite news |date=18 February 2009 |title=18 govt banks to be recapitalised |newspaper=Business Standard India |publisher=Business-standard.com |url=http://business-standard.com/india/storypage.php?autono=349393 |access-date=2 August 2010}}</ref>

As of 31 March 2021, the bank has a network of 4,608 branches, 3,644 [[Automated_teller_machine|ATM]]s, ten satellite offices, and one extension counter. It has a pan-India presence covering all 28 states, seven out of eight union territories, and 574 district headquarters out of all districts in the country.<ref name="Annual Report 2020-21" />

[[Reserve_Bank_of_India|RBI]]'s [[Federal_Deposit_Insurance_Corporation_Improvement_Act_of_1991#Prompt_Corrective_Action|prompt corrective action]] (PCA) came out last in the public sector in 2022. The PCA framework blocked large loans, restricted dividend payments, and restricted expenses.<ref>{{Cite news|lang=en|url=https://timesofindia.indiatimes.com/city/mumbai/central-bank-of-india-last-to-exit-pca/articleshow/94338928.cms|title=Central Bank of India last to exit PCA|website=The Times of India|date=21 September 2022 |access-date=2024-03-25|archive-date=2022-09-25|archive-url=https://web.archive.org/web/20220925175946/https://timesofindia.indiatimes.com/city/mumbai/central-bank-of-india-last-to-exit-pca/articleshow/94338928.cms}}</ref>

In 2024, Central Bank of India [[Governor]] MV Rao became chairman of the [[Indian_Banks%27_Association|Indian Banks Association]].<ref>{{Cite web|lang=en|url=https://www.thehindubusinessline.com/money-and-banking/central-bank-of-india-chief-executive-m-v-rao-elected-as-indian-banks-association-chairman/article67975707.ece|title=Central Bank of India chief executive M V Rao elected as Indian Banks' Association Chairman|website=The Hindu Businessline|date=21 March 2024 |access-date=2024-03-25|archive-date=2024-03-21|archive-url=https://web.archive.org/web/20240321120743/https://www.thehindubusinessline.com/money-and-banking/central-bank-of-india-chief-executive-m-v-rao-elected-as-indian-banks-association-chairman/article67975707.ece}}</ref>

==Subsidiaries==
* Centbank Financial Services Limited, wholly owned subsidiary of Central Bank of India
* Cent Bank Home Finance. As on 31st March, 2025, the CBI holds 64% stake.

== Controversies ==
In the 1980s, the managers of the London branches of Central Bank of India, [[Punjab National Bank]], and [[Union Bank of India]] were caught up in a fraud in which they made dubious loans to the Bangladeshi jute trader Rajender Singh Sethia.<ref>{{Cite web |title=Businessman Rajender Singh Sethia fought 34-year-long legal battle to prove innocence |url=https://www.newindianexpress.com/nation/2019/jul/16/businessman-rajender-singh-sethia-fought-34-year-long-legal-battle-to-prove-innocence-2004350.html |access-date=2022-04-23 |website=The New Indian Express|date=15 July 2019 }}</ref> The regulatory authorities in England and India forced all three Indian banks to close their London branches.

==References==
{{Reflist|30em}}

==Cited sources==
{{commons category}}
*Turnell, Sean (2009) ''Fiery Dragons: Banks, Moneylenders and Microfinance in Burma''. (NAIS Press). {{ISBN|9788776940409}}

{{Banking in India}}
{{Nifty 200 companies}}
{{Authority control}}

[[Category:Public sector banks in India]]
[[Category:Banks established in 1911]]
[[Category:Banks based in Mumbai]]
[[Category:Companies nationalised by the Government of India]]
[[Category:Indian companies established in 1911]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the Bombay Stock Exchange]]

Central Bank of India - Revision history

KelseyMarsden6 at 10:54, 23 February 2026