History of Central Bank of India:
The Central Bank of India was established in 1911.
- It was the first Indian commercial bank that was wholly owned and managed by Indians.
- Sir Sorabji Pochkhanawala the founder of the Central Bank termed the banks as 'property of the nation and the country's asset'.
- In 1924, the Central Bank established an Exclusive Ladies Department to cater to the Bank's women clientele.
- The Central Bank was nationalized in 1969 by the Government of India.
- The Central Bank of India introduced the 'Central Card' credit card of the bank in the year 1980.
- In the year 1986, the bank launched a scheme called the 'Platinum Jubilee Money Back Deposit Scheme'.
Board Of Directors:
Central Bank of India has 1 MD and CEO who is the head of the Board of Directors and two Executive Directors.
Board of Directors | |
MD and CEO | Matam Venkata Rao |
Non-Executive Chairman | Shri Tapan Ray |
Executive Director | Rajeev Puri |
Executive Director | Alok Srivastava |
Central Bank of India Headquarters:
Headquarters (HQ) | |
Corporate Centre | Mumbai |
Zonal Offices | 10 |
Regional Branches | 59 |
Branches | 4685 |
Subsidiaries of Central Bank Of India:
| Subsidiaries | |
Centbank Financial Services Ltd | Subsidiary |
Investment Banking Services (All India) | Subsidiary |
| Trusteeship Services - Mumbai | Subsidiary |
Central Bank of India Tagline & Logo:
Logo:
The logo of the Central Bank of India contains four elements. They are;
- Man
- Finance
- Industry
- Nation
(Picture Credit: Central Bank of India)
- Central Bank of India's Tag line is - Build a Better Life Around Us./ Central To You Since 1911
Awards & Accolades:
- The Bank won three 'First' prizes for all the three linguistic regions under the 'RBI RAJBHASHA SHIELD SCHEME'.
- The Best Financial Inclusion Initiative: The Bank received Banking Technology Award for best technology initiative for Financial Inclusion as Runner Up in the category amongst Medium Banks.
Interesting Facts About Central Bank of India
- In the year 1921, the Central bank introduced the Home Savings Safe Deposit Scheme to build saving habits in Indians.
- The Bank started Recurring Deposit Scheme in 1962.
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Download MD/CEO, Head Office & Taglines of Central Bank of India
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