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	==See also==		==See also==
	~~{{Portal\|Banks}}~~
	* [[Banking in India]]		* [[Banking in India]]
	* [[List of banks in India]]		* [[List of banks in India]]

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{{Short description|Indian public sector bank}}
{{About|the commercial bank|India's central bank|Reserve Bank of India}}
{{Use dmy dates|date=December 2018}}
{{Use Indian English|date=June 2016}}

{{Primary sources|date=December 2008}}
{{Infobox company
| name = Central Bank of India
| image = Central Bank of India, Mumbai.JPG
| image_size = 250px
| logo = Central Bank of India.svg
| logo_size = 250px
| logo_caption = ''Central to You Since 1911''
| type = [[Government of India|Nationalised Bank]]
| traded_as = {{BSE|532885}}<br />{{NSE|CENTRALBK}}
| key_people = {{ubl|Tapan Ray <br> {{small|(Non-Exe Chairman)}} <ref>{{cite news|url=https://economictimes.indiatimes.com/industry/banking/finance/dena-bank-punjab-sindh-bank-central-bank-of-india-get-new-chairpersons/articleshow/64305766.cms|title=Dena Bank, Punjab & Sindh Bank, Central Bank of India get new chairpersons|date=24 May 2018|access-date=3 September 2018|newspaper=The Economic Times}}</ref> | Matam Venkata Rao <br> {{small|(MD & CEO)}}}}<ref>{{cite news|url=https://www.newindianexpress.com/business/2021/mar/01/canara-banks-executive-director-matam-venkata-rao-appointed-as-new-md--ceo-of-central-bank-2270537.amp|title=canara-banks-executive-director-matam-venkata-rao-appointed-as-new-md--ceo-of-central-bank|access-date=3 March 2021|newspaper=newindianexpress.com}}</ref>
| foundation = {{Start date and age|df=yes|1911|12|21}}
| location = [[Mumbai]], [[Maharashtra]], [[India]]
| industry = [[Banking]] <br> [[Financial service]]s
| revenue = {{Decrease}} {{INRConvert|25897.44|c}}(2021)<ref name="Annual Report 2020-21">{{cite web|url=https://www.centralbankofindia.co.in/sites/default/files/CBI-AR-2020-21.pdf|title=Annual Report of Central Bank of India }}</ref>
| operating_income = {{Increase}} {{INRConvert|4630|c}} (2021)<ref name="Annual Report 2020-21" />
| net_income = {{Increase}} {{INRConvert|-888|c}} (2021)<ref name="Annual Report 2020-21" />
| assets = {{Increase}}{{INRConvert|369214.99|c}} (2021) <ref name="Annual Report 2020-21" />
| equity = {{Increase}}{{INRConvert|5875.56|c}} (2021) <ref name="Annual Report 2020-21" />
| owner = [[Government of India]] (93.08%) <ref name="Annual Report 2019-20">{{cite web|url=https://www.bseindia.com/bseplus/AnnualReport/532885/5328850320.pdf|title=Annual Report of Central Bank of India }}</ref>
| parent = [[Ministry of Finance]] , [[Government of India]]
| num_employees = 32,335 (2021)<ref name="Annual Report 2019-20" />
| ratio = 14.81% (2021)<ref name="Annual Report 2019-20" />
| homepage = {{URL|https://www.centralbankofindia.co.in/}}
| slogan =
}}

'''Central Bank of India''' (CBI) is an Indian [[Government of India|nationalised bank]]. It is under the [[ownership]] of [[Ministry of Finance (India)|Ministry of Finance]] , [[Government of India]] and is one of the oldest and largest [[Government of India|nationalised commercial banks]] in India. It is based in [[Mumbai]], the financial capital of India and capital city of state of [[Maharashtra]].<ref>[https://www.centralbankofindia.co.in/site/MainSite.aspx?status=1&menu_id=9 Central Bank of India] {{Webarchive|url=https://web.archive.org/web/20160303165848/https://www.centralbankofindia.co.in/site/MainSite.aspx?status=1&menu_id=9 |date=3 March 2016 }}. Central Bank of India (19 April 2011). Retrieved on 31 March 2014.</ref>

Despite its name it is not the central bank of India; the Indian central bank is the [[Reserve Bank of India]].

Although the NDA government has generally favored mergers among public sector banks in India, Central Bank of India has remained a separate entity owing to its pan-India presence.{{Citation needed|date=April 2020}} CBI is one of twelve public sector banks in India that was [[Recapitalization|recapitalised]] in 2009.<ref>{{cite news|url=http://business-standard.com/india/storypage.php?autono=349393 |title=18 govt banks to be recapitalised |publisher=Business-standard.com |date=18 February 2009 |access-date=2 August 2010|newspaper=Business Standard India }}</ref>

As on 31 March 2021, the bank has a network of 4,608 branches, 3,644 ATMs, ten satellite offices and one extension counter. It has a pan-India presence covering all 28 states, Seven out of eight union territories and 574 district headquarters out of all districts in the country.<ref name="Annual Report 2020-21" />

Central Bank of India has approached the [[Reserve Bank of India]] (RBI) for permission to open representative offices in [[Singapore]], [[Dubai]], [[Doha]], and [[London]].<ref>{{cite web|url=http://www.rediff.com/money/2008/nov/20bcrisis-central-bank-of-india-to-expand-overseas.htm |title=Central Bank of India to expand overseas |publisher=Rediff.com |access-date=2 August 2010}}</ref>

==History==
[[File:Central Bank of India 2010 stamp.jpg|thumb|A 2010 stamp dedicated to Sorabji Pochkhanawala and the 100th anniversary of the Central Bank of India]]
The Central Bank of India was established on 21 December 1911 by Sir [[Sorabji Pochkhanawala]] with Sir Pherozeshah Mehta as Chairman,<ref name="The Hindu 2007">{{cite news|url=http://www.thehindu.com/todays-paper/tp-business/Central-Bank-IPO-to-open-on-July-24/article14794226.ece|title=Central Bank IPO to open on 24 July|date=14 July 2007|work=[[The Hindu]]|access-date=5 July 2008|location=[[Chennai]], [[Tamil Nadu]] India}}</ref> and claims to have been the first commercial Indian bank completely owned and managed by Indians.{{citation needed|date=November 2016}}

===Early-20th century===
By 1918 Central Bank of India had established a branch in [[Hyderabad]]. A branch in nearby [[Secunderabad]] followed in 1925.{{citation needed|date=November 2016}}

In 1923, it acquired the '''Tata Industrial Bank''' in the wake of the failure of the [[Alliance Bank of Simla]]. The Tata bank, established in 1917, had opened a branch in Madras in 1920 that became the Central Bank of India, Madras.{{citation needed|date=November 2016}}

Central Bank of India was instrumental in the creation of the first Indian exchange bank, the Central Exchange Bank of India, which opened in London in 1936. However, [[Barclays]] Bank acquired Central Exchange Bank of India in 1938.<ref>Raychaudhuri, Tappan, Irfan Habib, & Dharma Kumar, eds. (1983) ''The Cambridge Economic History of India: Volume 2, c.1751-c.1970''. (CUP Archive). p. 782. {{ISBN|9780521228022}}</ref>

Also before World War II, Central Bank of India established a branch in [[Rangoon]]. The branch's operations concentrated on business between [[Burma]] and India, and especially money transmission via telegraphic transfer. Profits derived primarily from foreign exchange and margins. The bank also lent against land, produce, and other assets, mostly to Indian businesses.<ref>Turnell, pp. 116–7.</ref>

===Post-World War II===
In 1963, the [[Politics of Burma#Military socialist era|revolutionary government]] in Burma nationalized Central Bank of India's operations there, which became People's Bank No. 1.<ref>Turnell, p. 226.</ref>

In 1969, the [[Government of India|Indian Government]] [[Indian banking#Nationalisation|nationalized]] the bank on 19 July, together with 13 others.

[[File:Nameboard_of_Central_Bank_of_India_.jpg|thumb|Nameboard of Central Bank of India, Shankar Sheth Road Branch, Pune]]

In the 1980s the managers of the London branches of Central Bank of India, [[Punjab National Bank]], and [[Union Bank of India]] were caught up in a fraud in which they made dubious loans to the Bangladeshi jute trader Rajender Singh Sethia. The regulatory authorities in England and India forced all three Indian banks to close their London branches.

Central Bank of India was one of the first banks in India to issue credit cards in the year 1980 in collaboration with [[Mastercard]].{{citation needed|date=September 2018}}

On its 108th Foundation day Central Bank of India launched its first step towards robotic banking, a robot named "MEDHA".

==See also==
{{Portal|Banks}}
* [[Banking in India]]
* [[List of banks in India]]
* [[Reserve Bank of India]]
* [[Indian Financial System Code]]
* [[List of largest banks]]
* [[List of companies of India]]
* [[Make in India]]

==References==
{{Reflist|30em}}

==Cited sources==
*Turnell, Sean (2009) ''Fiery Dragons: Banks, Moneylenders and Microfinnance in Burma''. (NAIS Press). {{ISBN|9788776940409}}

{{Banking in India}}
{{Nifty 200 companies}}

{{Authority control}}

{{DEFAULTSORT:Central Bank of India}}
[[Category:Public Sector Banks in India]]
[[Category:Banks established in 1911]]
[[Category:Banks based in Mumbai]]
[[Category:Companies nationalised by the Government of India]]
[[Category:Indian companies established in 1911]]
[[Category:List of Institutions using TCS BaNCS]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the Bombay Stock Exchange]]

Central Bank of India - Revision history

KelseyMarsden6: cleanup section for consistency and cleaned formatting

CleanupBot II: Removed empty portal template using script

>DaxServer: Rollback edit(s) by Amanmathur14 (talk): Vandalism (RW 16.1)

imported>DaxServer: Add back cat per discussion WP:TCAT using Pywikibot category add