Market Cap23,134.70 Crore
Circuit Range₹21- ₹31.70
Day Range₹26.40- ₹26.85
Year Range₹16.25- ₹41.80
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Central Bank Of India Quick Overview
Central Bank of India Ltd. is an India-based commercial bank. The Company offers various banking services, including digital banking; deposits; retail loans; agriculture; services for micro, small and medium enterprises; corporate loans; services for non-resident Indians (NRIs); services for pensioners. Its digital banking services include Internet Banking, Mobile Banking, Cent M-Passbook, Debit Cards, Credit Cards, Missed call Facility, Railways Ticket Booking (IRCTC), automated teller machine and Point of sale Machine. Its deposits services include SB Accounts, Current Accounts, Time Deposits, Recurring Deposit Scheme, Small Saving Scheme and Interest Rate on Deposits. Its Retail Banking services include Housing Loans, Vehicle Loans, Education Loans, Personal/Gold Loans, Loan To Senior Citizen and Loan Against Property-Personal Needs. Its agriculture services include Central Kisan Credit Card, Sent Agri Gold Loan Scheme, Sent SHG Bank Linkage Scheme, CENT AGRI INFRA Scheme and other.
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Frequently Asked Questions
What is the share price of Central Bank Of India today on the NSE?
What is the share price of Central Bank Of India today on the BSE?
What is ‘Today’s High & Low’ share prices of Central Bank Of India on the NSE?
Central Bank Of India stock price low: ₹26.4
What is ‘Today’s High & Low’ share prices of Central Bank Of India on the BSE?
Central Bank Of India stock price low: ₹ 26.26
What is the market cap of Central Bank Of India shares today?
What are the upper & lower circuit limits of Central Bank Of India shares today on the NSE?
Central Bank Of India Lower Circuit: ₹21.2
What are the upper & lower circuit limits of Central Bank Of India shares today on the BSE?
Central Bank Of India Lower Circuit: ₹21.16
What price did Central Bank Of India shares open on the NSE today?
What price did Central Bank Of India shares open on the BSE today?
What was yesterday 's closing price for Central Bank Of India shares on the NSE?
What was yesterday 's closing price for Central Bank Of India shares on the BSE?
What is Central Bank Of India 52-week high and low share price on the NSE?
52 Week Low: ₹16.25
What is Central Bank Of India 52-week high and low share price on the BSE?
52 Week Low: ₹16.1
What is Central Bank Of India stock symbol?
Can I buy Central Bank Of India shares on Holidays?
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 business highlights
The company’s key verticals are:
Central Bank Of India key verticals
Corporate or wholesale banking
Other banking operations
Central Bank Of India performance highlights
Share price return in last 3 years
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:
Bank of Baroda
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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