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Central Bank of India - Bank for all class people


Central bank of India was situated in 1911 by Sir Sorabji Pochkhanawala and claims to have been the first commercial Indian bank completely owned and managed by Indians. Established in 1911, CBI was the first Indian commercial bank which was wholly owned and managed by Indians. Central bank of India (CBI) is one eighteen public Sector banks in India to get recapitalization finance from the government over the next 2 years. The infusion of fund will improve the financial health of the banks as their (CAR) capital adequacy ratio will be raised more than desired level of 12%.


The increase in CAR of the banks will also enable them to lend more money. The CAR of Central Bank of India was less than 12% as on june 30 2006. The preference shares would carry an annual floating coupon rate if 8%, which would be benchmark to 100 basis points above the repo rate. It will shore up the balance-sheet of the bank and enable it to raise capital from the markets. When the global banking industry is feeling the pinch of the global credit crunch, CBI is planning to explore its foreign presence. The public sector lender has approached the RBI for permission to open representative offices in five locations, such as Hong Kong, London, Doha, Dubai and Singapore.


This is the first time the bank is venturing an independent overseas foray after the Sethia scam in the 1970s. CBI partnered with [Tata Consultancy Service] TCS for its core banking solution (CBS). As usual all banks are offer home loan, car loan and education loan etc. CBI does this also and at very economy rate it can be taken. During the past 98 years of history the bank has weathered many storms and faced many challenges. The Bank could successfully transform every threat into business chance and excelled over its peers in the banking industry.


Government Bank in India

  1. Allahabad Bank
  2. Andhra Bank
  3. Bank of Baroda
  4. Bank of India
  5. Bank of Maharashtra
  6. Canara Bank
  7. Central Bank of India
  8. Corporation Bank
  9. Dena Bank
  10. Indian Bank
  11. Indian Overseas Bank
  12. Oriental Bank of Commerce
  13. Punjab and Sind Bank
  14. Punjab National Bank
  15. Syndicate Bank
  16. UCO Bank
  17. Union Bank of India
  18. United Bank of India
  19. Vijaya Bank