Central Bank of India acquires Future Enterprise Limited’s 25.18% stake in Future Generali India Life Insurance, marking a strategic move to strengthen its presence in the insurance sector.
Central Bank of India acquires Future Enterprise Limited’s 25.18% stake in Future Generali India Life Insurance, marking a strategic move to strengthen its presence in the insurance sector.
ABOUT CENTRAL BANK OF INDIA
Heritage. Trust. Reach.
Central Bank of India is a leading public sector bank with a nationwide presence, operating over 4,500 branches across all 28 States and 7 Union Territories (as of March 31, 2025). Recognized as a truly All India Bank, it plays a pivotal role in advancing key national priorities, including agriculture, small-scale industries, and medium and large enterprises, in alignment with the guidelines of the Reserve Bank of India and the Government of India. The Bank has also launched various Self Employment Schemes to empower educated youth and foster inclusive growth. With a legacy of innovation and a strong customer base that includes major corporates like ICICI, LIC, and HDFC, Central Bank of India continues to uphold its mission of being the people’s own bank, committed to financial inclusion and economic development across the country.
Central Bank of India is a pioneer in Indian banking and the first commercial bank wholly owned and managed by Indians. Known for its first-of-its-kind initiatives, the Bank has consistently introduced innovative schemes for all sections of society. With a majority presence in rural and semi-urban areas, it remains committed to financial inclusion and empowering India’s unbanked population.
Our Journey in Numbers
Proven expertise, consistent growth, trusted by millions
1911Established
4500+Branches
110+Years of Service
70%Rural Penetration
100%Indian Owned
Data as on 31st March, 2024
Got Questions? We’ve Got Answers!
Answers to some of the most common questions we get.
The Central Bank of India was established in 1911. It was the first Indian commercial bank wholly owned and managed by Indians. It was founded by Sir Sorabji Pochkhanawala, with Sir Pherozesha Mehta as its first Chairman.
Central Bank of India is considered India’s first 'Swadeshi Bank,' symbolizing economic self-reliance. Sir Pochkhanawala declared it the 'property of the nation and the country's asset.'
Post-1969, several innovative services were introduced like Merchant banking cell, Central card (credit card service), Platinum Jubilee Money Back Deposit Scheme, Quick Cheque Collection & Express Service. Also, in line with RBI and Government guidelines, Central Bank has launched Self Employment Schemes and supported agriculture, small-scale industries, and youth employment initiatives.
As of December 2024, the Bank has a vast network comprising 4541 branches, 1 Extension Counter, and 10 Satellite Offices across all 28 States and 7 out of 8 Union Territories.