Central Bank of India
NSE: CENTRALBK BSE: 532885
₹28.83
-1.18 (3.93%)
Wed, 28 Oct 2026, 11:53 pm
Market Cap (in Cr)26104.24
PE Ratio5.41
Dividend4.16
Finance
Major Banks
24.5KCentral Bank of India Company History
1969
- The Bank was brought into existence by an Ordinance on 19th July.
- The Undertaking of The Central Bank of India, Ltd was transferred to and vested in the new Bank.
- The Banking Companies Act, 1969 was passed.
1970
- 83 offices were opened in the Lead Districts, bringing the total number of offices in such districts to 139.
- A total of 817 branches were opened by the Bank in 47 districts since nationalisation.
- The Banking Companies Act, 1970 was made effective retrospectively from 19th July, 1969.
1982
- The Government subscribed Rs 2,50,00,000 to the Bank.
1984
- One more regional rural bank was opened.
1985
- The Government subscribed Rs 41.74 crores to the Bank.
- Three more regional rural banks were set up, raising the number of RRBs sponsored by the Bank to 23.
1995
- The Government subscribed Rs 1256.46 crores to the Bank.
1996
- The Government subscribed Rs 500 crores to the Bank.
1997
- The Bank acted as lead managers/co-managers in a few public/Rights issues and took up underwriting commitments in a couple of issues.
- The Bank acted as bankers to 20 Mega Bond Issue of lead financial institutions.
- The Bank took steps to canvass new export accounts and reduce response time in meeting credit requirements.
- The Bank fully computerised its International business branch at three major international business branches.
- Centbank Financial & Custodial Services Ltd and Centbank Home Finance Ltd are subsidiaries of the Bank.
- Indo Zambia Bank Ltd is a joint venture of the Bank along with Bank of Baroda, Bank of India, and Government of the Republic of Zambia.
1998
- The total number of branches increased to 3079 and the total number of extension counters increased to 232.
- The Bank was allotted 39 districts in six states under the Lead Bank Scheme.
2000
- Dalbir Singh was appointed the chairman and managing director of Central Bank of India for five years.
- Central Bank of India received the Asian Bankers' Award 2000 for its business journal Focus.
- Central Bank of India introduced 7-day banking services in select computerised branches in Chennai.
2001
- The Bank launched its voluntary retirement scheme for a period of 15 days.
- Central Bank of India set up a customer information desk at Delhi's Vikas Sadan.
- Central Bank of India launched a private placement of tier-2 bonds to raise up to Rs 200 crore.
- The state-run Central Bank of India planned to raise Rs 250 crore for bolstering its Tier-II capital via private placement.
2003
- Central Bank of India formed an alliance with Canara Bank, Indian Overseas Bank, UCO Bank, and Union Bank of India to launch Cash Online ATM network.
2004
- Central Bank of India tied up with New India Assurance Company Ltd for distribution of non-life insurance covers.
- Central Bank unveiled a new trading system on NDS.
2005
- Central Bank of India amalgamated three sponsored regional rural banks in Maharashtra to form Vidharbha Kshetriya Gramin Bank.
2006
- The Andhra Pradesh State Financial Corporation entered into a memorandum of understanding with Central Bank of India.
2008
- Shri. M S Johar was appointed as part-time non-official Director on the Board of the Bank.
- Central Bank of India rolled out Visa Platinum and Visa Gold cards.
- Shri J. Noble was appointed as Compliance Officer of the Bank.
2009
- Central Bank of India tied up with Hyundai Motor India Ltd to provide loans for purchase of Hyundai vehicles.
- Major (Retd) Ved Prakash was appointed as Director on the Bank's Board.
2010
- Central Bank of India set up a branch at Margram village in Murshidabad district, West Bengal.
- Central Bank of India decided to enter the insurance business.
- Central Bank of India's net profit increased by 83% to Rs 1,162 cr in FY10.
- Central Bank of India launched CentFast2India, a facility to remit funds online from the United States to India.
- Central Bank of India introduced pre-paid cards.
2011
- Central Bank of India launched Cent Double scheme to offer double the money deposited by the depositor in seven-and-a-half years.
- Central Bank of India announced its opening and closing date for the Rs 2,500 crore rights issue.
- Central Bank of India issued rights in the ratio of 3:5.
2012
- Central Bank of India won the prestigious GOLDEN PEACOCK HR EXCELLENCE AWARD.
- Central Bank of India provided water storage tanks to the villages of Satara district.
- Central Bank of India launched Go Green Campaign for customers.
- Central Bank of India launched CENT-e-TRADE, a Three-in-One Online Share Trading Facility in association with Angel Broking.
- Central Bank of India's Cent Sanskriti extended helping hand to disabled persons.
2013
- The Board recommended a Final Dividend of Rs. 25%.
2014
- CBI received Rajbhasha shield from NARAKAS.
- CBI and Tata Motors Ltd signed MOU for commercial Vehicle finance.
- CBI received National Award for Excellence in MSME Lending.
2016
- Central Bank of India awarded FIRST PRIZE for excellent implementation of Official Language Policy of Govt. of India.
- Central Bank of India was awarded Fintech India Award 2016 under category Mobile Banking.
- Central Bank of India awarded Rajbhasha Kirti Puraskaar.
2017
- Central Bank of India felicitated National Bravery Awardees of 2017.
- Central Bank of India inaugurated its first Aadhar enrollment Centre.
- Central Bank of India launched RETAIL DHAMAKA campaign.
2021
- Central Bank of India launched Missed Call Facility for loans and deposits.
