CENTRAL BANK OF INDIA

CBI, wholly owned by GoI today, was the rst Swadeshi commercial bank in 1911 when the bank was established History
Central Bank of India (CBI) was established in 1911 by Sir Sorabji Pochkhanawala. Sir Pherozesha Mehta was the rst chairman of the bank. The bank was nationalised in 1969. In 1923, it took over the management of Union Bank of India Ltd and amalgamated the Tata Industrial Bank Ltd. In 1961, the bank took over Jodhpur Commercial Bank Ltd. In 1984, Indo-Zambia Bank Ltd was incorporated by CBI in JV with BoB, BoI and Zambian Government. In 1987, it co-promoted IL&FS with UTI and HDFC. In 1989, it promoted Cent Bank Home Finance Ltd, a wholly owned subsidiary. number of self employment schemes to promote employment amongst the youth. Central Kisan Credit Card (loan facility for farmers), Central Laghu Udhyami Credit Card (working capital nance to the existing small borrowers), Central Artisan Credit Card (to meet credit requirement of artisans), and Central Swarojgar Credit Card (working capital / block capital nance) are offered by the bank for the benet of the people across the country. Under services, Cent BillPay, (online utility payment facility), cash management services & bancassurance services apart from its CentralCard (credit card). Central Card Electronic (credit card to be used at electronic terminals) and debit card (convenient and secured way to access and transact the account) are offered by the bank.

H A Daruwalla Chairperson & Managing Director

Company Ranking
Income 46 Net Prot 86 Net Worth 59

Products
CBI offers a vast range of corporate and retail banking products. Its liability products include money multiplier deposit scheme (interest accrued gets added back to principal amount), monthly interest deposit receipt (monthly interest without affecting the principal amount), quarterly interest deposit receipt (quarterly interest without affecting the principal amount). Cent Uttam (a scheme that offers easy liquidity and high returns), Centrals Senior Citizen Deposit (a scheme that pays additional interest for senior citizens), Centrals Flexi Yield Deposit (a scheme that offers exible rate of interest on term deposits), etc. CBIs loan products include Cent Mortgage (against mortgage of property), Cent Kalyani (for women entrepreneurs), Cent Buy (to buy consumer durable, two wheelers and four wheelers), Cent Liquid (against shares), Cent Vidyarthi, Cent Rental (against rent receivables), Centvyapari (for small and medium traders), Cent Multipurpose (a combination of housing loan, Cent Buy & personal loan), Cent Vivah, Cent Safar, Cent Jewel (for buying jewellery), Cent Computer Loan, Cent Trade (overdraft facility for business needs), Cent Vehicle, Cent Home (for construction / acquiring of house), loan to pensioners and personal loan to teachers, employees of educational institutes, employees of corporate clients, etc. CBI focuses on key thrust areas of agriculture, SSI and also medium and large scale industries. The bank also introduced a

Branch Network
CBI has a vast network of branches spread across 27 out of 28 states, as also 4 out of 7 union territories in India. Its network comprises of 3,123 branches and 30 satellite ofces, managed by 17 zonal ofces. The bank has a total customer base of over 25 mn, one of the largest in the banking industry in India.

CENTRAL BANK OF INDIA

D&B D-U-N-S No 86-221-3654 Head Ofce Chandermukhi Nariman Point Mumbai - 400021 Chairperson & Managing Director H A Daruwalla Excutive Director K Subbaraman Directors P P Mitra, K C Mohapatra, R C Agarwal, C M Puri, Kamal Faruqui, Ved Prakash , Satya Bahin, Harish Chandhok, Romesh Sabharwal

Operations
In FY05, CBIs total deposits grew 8.7% to Rs 607.5 bn. Total advances rose 19.6% to Rs 272.8 bn in FY05. During FY05, gross NPA reduced to Rs 26.2 bn, representing 9% of gross advances, from Rs 29.4 bn in FY04. Net NPA reduced to Rs 8.1 bn in FY05, representing 3% of net advances, from Rs 12.7 bn in FY04. CAR stood at 12.2% in FY05 as compared to 12.4% in FY04.

The Year in Review

For the year to Mar 31, 2005, total income increased to Rs 61.3 bn, up 1.6% over the previous years gure. Net prot decreased 42.2% to Rs 3.6 bn. As per audited results for the twelve months ended Mar 31, 2006, the bank recorded an income of Rs 59.2 bn and a net prot of Rs 2.6 bn.

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