Central Bank
Central Bank of India is established by Sir Sorabji Pochkhanawala in 1911 at Mumbai, Central Bank of India was the first Indian commercial bank which was wholly owned and managed by Indians. The Bank's main business is taking deposits lending money and making investments. The Bank offers deposits, loans, Agri banking, cards, e-payment and other services. As on 30 September 2019, the bank has a network of 4,681 branches, over 3,680 ultra-small branches and approximately 5,250 automatic teller machines in 30 states of India, 3,477 ATMs, 10 satellite offices & 37,162 emplyees. The Bank has global presence also. It has branches in Singapore, Dubai, Doha and London.
The Bank's also offer a wide range of general banking services to customers including credit cards debit cards cash management and remittance services and collection services. The Bank distributes third party life and non-life insurance policies and mutual funds on an agency basis. They act as agent for various state governments and the Government of India on numerous matters including the collection of taxes and the payment of pensions. They also issue traveller's cheques and gift cheques.
The Bank's works in 5 segments include Treasury Operations, Corporate/Wholesale Banking, Retail Banking and other Banking business. The Treasury Operations segment includes dealing in government and other securities, money market operations and Forex operations. The Corporate/Wholesale segment consists of advances to trusts/partnership firms, companies and statutory bodies. The Retail Banking segment consists of exposures of approximately five crores (including fund-based and non-fund-based exposures) subject to orientation, product, granularity criteria and individual exposures. The other Banking segment includes other banking operations.
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