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CENTRAL BANK OF INDIA

23 February 2024 | 12:00

Industry >> Finance - Banks - Public Sector

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ISIN No INE483A01010 BSE Code / NSE Code 532885 / CENTRALBK Book Value (Rs.) 29.45 Face Value 10.00
Bookclosure 30/06/2023 52Week High 77 EPS 1.93 P/E 34.01
Market Cap. 57077.18 Cr. 52Week Low 22 P/BV / Div Yield (%) 2.23 / 0.00 Market Lot 1.00
Security Type Other

History of Company

The company history sections lists out major chronological events that happened to the company.
YEAR EVENTS 1969 - The Bank was brought into existence by an Ordinance on 19th July, for taking over the Undertaking of the Central Bank of India, Ltd. In terms of the Ordinance, the Undertaking of "The Central Bank of India, Ltd." was transferred to and vested in the new Bank. The Ordinance was replaced by the Banking Companies Act, 1969. The Act was declared null and void by the Supreme Court on 10th February, 1970. An Ordinance was thereupon promulgated which was later replaced by the Banking Companies Act, 1970 which was made effective retrospectively from 19th July, 1969.

1970 - 83 offices were opened in the Lead Districts bringing the total number of offices in such districts to 139 as at 31st December. A total of 817 branches were opened by the Bank in 47 districts since nationalisation.

1982 - Rs 2,50,00,000 was subscribed by Government.

1984 - One more regional rural bank was opened. Another 3 RRBs were set up in 1985, raising the number of RRBs sponsored by the Bank to 23 covering 37 districts.

1985 - Rs 41.74 crores subscribed for by Government.

1995 - Rs 1256.46 crores subscribed for by Government.

1996 - Rs 500 crores subscribed for by Government.

1997 - The Bank acted as lead managers/co-managers in a few public/Rights issue besides taking up underwriting commitments in a couple of issues. The bank also acted as bankers to 20 Mega Bond Issue of lead financial institutions.

- The Bank took a number of steps to canvass new export accounts and to reduce response time in meeting the credit requirements of the existing customers of the bank. The bank fully computerised its International business branch at three major international business branches at Mumbai, Calcutta and New Delhi.

- Centbank Financial & Custodial Services Ltd., Centbank Home Finance Ltd., are subsidiaries 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 - As at 31st March, the total number of branches were 3079 and the total number of extension counters increased from 229 to 232 from the previous year.

- Under the Lead Bank Scheme, the Bank was allotted 39 districts in six states.

2000 - Dalbir Singh has been appointed the chairman and managing director of Central of India for five years, from 17th July to 30th June, 2005.

- Central Bank of India has received the Asian Bankers' Award 2000 for its business journal `Focus' under the category for marketing, public relation or brand management.

- Central Bank of India has introduced 7-day banking services in select computerised branches in Chennai which includes the branches at Adyar, Mylapore, Pallavaram, T Nagar, Kodambakkam, and Washermanpet and Mogappair.

2001 - The Bank has launched its voluntary retirement scheme (VRS) for a period of 15 days commencing on February 22 to March 8, 2001.

- Central Bank of India has set up a first-of-its-kind customer information desk at Delhi's Vikas Sadan.

- Central Bank of India will launch a private placement of tier-2 bonds to raise up to Rs 200 crore.

- The state-run Central Bank of India (Central Bank) is planning to raise Rs 250 crore for bolstering its Tier-II capital, via private placement.

2003

- Central Bank of India (CBI), along with Canara Bank, Indian Overseas Bank (IOB), UCO Bank and Union Bank of India (UBI) have formed an alliance to launch `Cash Online' ATM network

2004

- Central Bank of India ties up with New India Assurance Company Ltd for distribution of non-life insurance covers

-Central Bank unveils new trading system on NDS

2005

-Central Bank of India has amalgamated three sponsored regional rural banks (RRBs) in Maharashtra with effect from September 12. The newly formed bank is called the Vidharbha Kshetriya Gramin Bank and will be headquartered in Akola.

2006

-The Andhra Pradesh State Financial Corporation (APSFC) has entered into a memorandum of understanding with Central Bank of India to ensure integrated and speedy flow of credit to industrial customers and provide easy facility of working capital to all the assisted units in State.

2008

- Central Bank of India has appointed Shri. M S Johar as part-time non-official Director under the Chartered Accountant category on the Board of the Bank for a period of 3 years w.e.f. January 02, 2008.

- Central Bank of India has rolled out Visa Platinum and Visa Gold cards having domestic and international acceptance. The cards will offer facilities such as revolving credit, reward points, balance transfer facility and SMS alerts. Central Bank has a debit and credit card base of around four lakh customers.

- Central Bank Of India has informed that Shri J. Noble, Deputy General Manager of the Bank, has been appointed as Compliance Officer of the Bank in place Shri S.R. Shukla.

2009

- Central Bank of India will be focusing on car financing in a big way and to achieve this objective, the bank on Sept 25 tied up with Hyundai Motor India Ltd. Under this arrangement, Central Bank of India will provide loans for purchase of Hyundai vehicles.

- Central Bank of India has informed that Major (Retd) Ved Prakash has been appointed as Director on the Bank's Board.

2010

-Setting up of a branch at Margram village in Murshidabad district, West Bengal.

-It will take a decision in the current fiscal to enter insurance business.

-Central Bank FY10 net up 83% at Rs 1,162 cr

-Central Bank of India has launched a new facility named- CentFast2India - in order remit funds online from United States to India.

-Central Bank introduces pre-paid cards

2011

-Central bank of India launched Cent Double scheme that is designed to offer double the money deposited by the depositor, in seven-and-a-half year.

-Central Bank of India announced its opening and closing date for the Rs 2,500 crore rights issue as of March 24 and April 7 respectively.

-Central Bank of India Issues Rights in the Ratio of 3:5

2012

-Central Bank of India has 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 in Association with Angel Broking Launch CENT-e-TRADE" The Three-in-One Online Share Trading Facility.

-Central Bank of India - Cent Sanskriti extends helping hand to disabled persons.

2013

-Board recommended a Final Dividend of Rs. 25%.

2014

-CBI received Rajbhasha shield from NARAKAS

-CBI & Tata Motors Ltd signs 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 at a function organized at Mumbai -Central Bank of India awarded Rajbhasha Kirti Puraskaar

2017 -Central Bank of India felicitates National Bravery Awardees of 2017. -Central Bank of India inaugurated first Aadhar enrollment Centre. -Central Bank of India launched RETAIL DHAMAKA campaign.

2021 -Central Bank of India Launched Missed Call Facility for loans/Deposits.