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Shareholding Info
  • Promoters
    93.08 %
  • Foreign institutions-FII
    0.19 %
  • Other domestic institutions
    2.69 %
  • Retail and other
    3.85 %
  • Mutual Funds
    0.17 %

Central Bank Of India overview

Central Bank of India was established in 1911 as an Indian commercial bank. It was founded by Sir Sorabji Pochkhanawala. Sir Pherozeshah Mehta, the renowned Indian lawyer and politician, was the bank’s first Chairman. The government nationalised the bank in 1969. In 2007, Central Bank Of India became a public traded company. The company is listed on the MCX Stock Exchange, NSE and BSE.

This public sector bank has a presence in 28 states and 7 union territories in the country. It has 4,594 branches, 1 extension counter and 10 satellite offices, as of June 2021. Centbank Financial Services, incorporated in 1929, is a wholly-owned subsidiary of the bank.

The products and services offered by the bank include savings accounts, fixed deposits, loans, credit cards, NRI banking, agriculture loan schemes, etc. The Central Bank of India has introduced various self-employment schemes to promote employment among the youth.

This public sector bank distributes third-party insurance plans and mutual funds on an agency basis. It has tied up with TATA AIA Life Insurance Company and Life Insurance Corporation of India for selling and distributing their life insurance policies. The bank has tied up with Bajaj Allianz General Insurance Company and The New India Assurance Company to distribute their non-life insurance plans as a corporate agent.

The bank's AMFI-certified advisors assist investors with the selection of mutual fund schemes. Investors can park their money in schemes like Franklin Templeton mutual fund, UTI mutual fund and TATA mutual fund, among others.

Central Bank Of India journey

The key milestones since inception are:
  • 1921: Central Bank Of India introduces the Home Savings Safe Deposit Scheme.
  • 1924: A women's department is established to assist female clients.
  • 1926: The bank introduces the Rupee Travellers' Cheques and Safe Deposit Locker facility.
  • 1929: It sets up the Executor and Trustee Department.
  • 1932: The Deposit Insurance Benefit Scheme is introduced.
  • 1962: The Recurring Deposit Scheme is introduced.
  • 1976: The bank establishes the Merchant Banking Cell.
  • 1980: The bank's credit card, Centralcard, is introduced.
  • 1986: The bank launches the 'Platinum Jubilee Money Back Deposit Scheme'.
  • 1989: Cent Bank Home Finance Limited, the bank's housing subsidiary, begins its operations with its head office in Bhopal.
  • 1994: Quick Cheque Collection Service and Express Service are set up for the quick collection of outstation cheques.
  • 2001: The bank launches its voluntary retirement scheme.
  • 2003: It allies with Canara Bank, UCO Bank, Indian Overseas Bank and Union Bank of India to launch the Cash Online ATM network.
  • 2005: Central Bank of India amalgamates three sponsored regional rural banks in the state of Maharashtra. The new bank is called Vidharbha Kshetriya Gramin Bank.
  • 2011: The Cent Double scheme is launched.
  • 2014: The bank signs a memorandum of understanding with Tata Motors for commercial vehicle finance.
  • 2021: It launches a Missed Call facility for loans and deposits.

Central Bank Of India - Initial Public Offer (IPO)

Central Bank Of India launched its IPO in July 2007. The bank offered 8 crore shares at a face value of ₹10 each. Central Bank Of India’s stock price offer band was set between ₹85 and ₹102. On 21st August 2007, the public sector bank got listed at ₹132, at a premium of 29%.

Central Bank Of India products

The Central Bank Of India offers a range of banking services. Its key service areas include:
  • Digital banking - net banking, debit card, credit card
  • Deposits - savings accounts, time deposits, current accounts, recurring deposit schemes and small saving schemes.
  • Retail loans - housing loans, education loans, vehicle loans, personal loans, loans to senior citizens and loans against property.
  • Agriculture loan schemes - Cent Agri Gold Loan Scheme, Cent Flexi Agri Business Loan, etc.
  • MSME banking - Cent Business Gold Loan, Cent Construction Equipment Finance Scheme, Cent Contractor, etc.
  • Corporate banking services
  • NRI banking
  • Government business - Public Provident Fund, Sukanya Samriddhi Accounts, Senior Citizen Savings Scheme
  • Facilities for pensioners
Central Bank Of India's share price return in 5 years: -45.84%

Central Bank Of India business highlights

The company’s key verticals are:

Central Bank Of India key verticals

Revenue break-up 



₹11,628 crore 

Corporate or wholesale banking

₹5,296 crore

Retail banking

₹8,945 crore

Other banking operations

₹1 crore

Central Bank Of India performance highlights

EBITDA (FY2021-22)

₹15,576 crore

Profit (FY2021-22)

₹1,076 crore 

Share price return in last 3 years


ROCE (FY2021-22)


ROE (FY2021-22)


Central Bank Of India management

Chief Executive Officer (CEO) and Managing Director: M. V. Rao
Executive Director: Vivek Wahi
Executive Director: Rajeev Puri
Executive Director: Malladi Venkat Murali Krishna
Government of India Nominee Director: Hardik Mukesh Sheth
RBI Nominee Director: P. J. Thomas
Shareholder Director: Dinesh Pangtey
Part-Time Non-Official Director: Pradip Pranlal Khimani

Indian banking industry overview

The following are the key public sector banks of India:

Key players

Market capitalisation

 December 2022

 (in crore)





Bank of Baroda






Union Bank





Size of the Indian banking industry

  • In 2022, the total assets in the public banking sector were ₹1,31,76,964 crore .
  • There were 34 public banks licensed in India, as of September 2022.
  • The assets of public sector banks made up the largest share of the country’s banking market.
  • During FY2015-22, bank credit rose at a compound annual growth rate of 0.62%.

Banking industry growth prospects

Credit growth is expected to reach 13% in FY2022-23. Public sector banks may see their loan portfolio expand faster. This will be on the back of supportive credit demand as well as strong balance sheets.

Central Bank Of India growth prospects

Central Bank of India is expected to focus on raising growth capital after its exit on 20th September 2022 from the Prompt Corrective Action framework. The bank plans to explore a market for growth capital.

Risks and concerns

  • With the evolving macroeconomic situation, banking institutions have to take mitigating measures to reduce the effect on balance sheets.
  • The right talent is required for the adoption of cloud-first tech architecture and platform-based technology.
  • Banks witnessed 248 data breaches from June 2018 to March 2022 by offenders and hackers. Public sector banks reported 41 of them.


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