Central Bank of India

Welcome to Central Bank of India | Central Bank of India

Central Bank of India: Comprehensive Overview

General Information

• Founded: December 21, 1911, by Sir Sorabji Pochkhanawala
• Headquarters: Chander Mukhi, Nariman Point, Mumbai, Maharashtra, India
• Key People: Tapan Ray (Non-Executive Chairman), Matam Venkata Rao (Managing Director & CEO)
• Website: Central Bank of India

Financial Highlights (as of March 31, 2023)

• Total Business: ₹8.5 lakh crores
  • Deposits: ₹5.2 lakh crores
  • Advances: ₹3.3 lakh crores
• Revenue: ₹25,897.44 crores (FY23)
• Operating Income: ₹5,742 crores (FY23)
• Net Income: ₹1,045 crores (FY23)
• Total Assets: ₹407,079.71 crores (FY23)
• Total Equity: ₹8,680.94 crores (FY23)
• Capital Ratio: 15.68% (June 2024)

Network and Reach

• Branches: Over 4,600 branches
• ATMs: Over 3,600
• Employees: Approximately 31,238 (June 2024)
• Customers: Millions across India
• International Presence: Branches in London, Hong Kong, and Nairobi¹².

Services Offered

• Personal Banking: Savings accounts, fixed deposits, personal loans, home loans, education loans, and more.
• Corporate Banking: Business loans, working capital finance, trade services, and more.
• NRI Banking: Accounts and investment options for Non-Resident Indians.
• Digital Banking: Internet banking, mobile banking, and doorstep banking services.
• Investment Options: Mutual funds, insurance, and savings accounts.

Achievements

• Technology: One of the first banks in India to issue credit cards in collaboration with Visa in 1980.
• Awards: Recognized for excellence in technology, digital banking, financial inclusion, MSME services, and human resource development¹².

Contact Information

• Corporate Office: Chander Mukhi, Nariman Point, Mumbai – 400 021, Maharashtra, India
• Phone: +91 22-66387777
• Website: Central Bank of India