In 1911 the Central Bank of India was established. The Reserve Bank of India has approved in principle to set up private banks. The Central Bank of India was the 1st commercial bank in India which was totally managed & owned by Indians. The bank’s establishment was the dream come true for the founder of the Central Bank of India. The Central Bank of India is also known as Swadeshi Bank, the country’s asset and property of the nation. The Central Bank of India survives only on the belief of the people as it is termed as people’s own bank. Central Bank of India was ideally positioned to promote a bank in the Indian market with its experience and strong reputation in market of finance.
Mission To be a world class Indian bank
Objective
- To build customer franchises across distinct businesses
- To achieve healthy growth in profitability
- To be the preferred provider of banking services for target retail and wholesale customer segments
Strengths
- Highest level of ethical standards
- Professional integrity
- Corporate governance
- Regulatory compliance
Business Philosophy The four values are the bank’s business philosophy,
- Operational Excellence
- Customer Focus
- Product Leadership
- People
Management Central Bank of India was founded by Sir Sorabji Pochkhanawala. Chairman -- Sir Pherozesha has taken the responsibilities of the bank as Chairman. Board of Directors – The members of the Central Bank of India’s Board of Directors are senior banking professionals with experience in abroad and India, who head various businesses.
Awards With its strengths and its talented people the Central Bank of India has made all its efforts to achieve its mission to be World Class Indian bank. Its services are recognized not only nationally but also internationally. The Central Bank of India is appreciated with so many awards like top 3 nationalized bank in Economic Times Brand Equities, List of Service Brands for the Year 2009.