Established in 1911, Central Bank of India was the first Indian commercial bank which was wholly owned and managed by Indians. The establishment of the Bank was the ultimate realisation of the dream of Sir Sorabji Pochkhanawala, founder of the Bank. Sir Pherozesha Mehta was the first Chairman of a truly 'Swadeshi Bank'. In line with the guidelines from Reserve Bank of India as also the Government of India, Central Bank has been playing an increasingly active role in promoting the key thrust areas of agriculture, small scale industries as also medium and large industries. The Bank also introduced a number of Self Employment Schemes to promote employment among the educated youth. Among the Public Sector Banks, Central Bank of India can be truly described as an All India Bank, due to distribution of its large network in 27 out of 28 States as also in 4 out of 7 Union Territories in India. Central Bank of India holds a very prominent place among the Public Sector Banks on account of its network of 3,563 branches and 195 extension counters at various centres throughout the length and breadth of the country. The registered office of the company is at Chandermukhi Building, 9th Floor, Nariman Point,Mumbai 400021
Result Update
Central Bank of India has posted a net profit of Rs. 2442.50 million for the quarter ended September 30, 2011 as compared to Rs. 3793.80 million for the quarter ended September 30, 2010. Total Income has increased from Rs. 38898.40 million for the quarter ended September 30, 2010 to Rs. 52340.50 million for the quarter ended September 30, 2011.
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