Central Bank of India

Central Bank of India is an Indian government-owned bank. It is under the ownership of Ministry of Finance, Government of India and is one of the oldest and largest government owned commercial banks in India. It is one of twelve public sector banks in India to get recapitalised in 2009. It is a public bank. In a merging initiative of the NDA government, Central Bank of India is kept as a separate entity owing to its pan-India presence.

In addition, in accordance with Reserve Bank of India and Government of India recommendations, the Central Bank has been playing an increasingly active role in developing the key thrust areas of agriculture, small-scale industries, medium-sized industries, and large-scale industries. The Bank also launched a variety of Self-Employment Schemes to help educated young find work on.

Central Bank of India has approached the Reserve Bank of India (RBI) for permission to open representative offices in five more locations – Singapore, Dubai, Doha and London.

As on 31 March 2020, the bank has a network of 4,651 branches, 3,642 ATMs, ten satellite offices and one extension counter. It has a pan-India presence covering all 28 states, Seven out of eight union territories and 574 district headquarters out of all districts in the country.

As of year, ended 31st March 2021, total income fell by 15.64% and stood at Rs.4,899.92 crores for Q4FY21, as compared to Rs.5,808.88 crores in Q3FY21, net loss is Rs.1,441.74 in Q4FY21. CASA ratio as of March 31, 2021, stood at 49.24% compared to 46.83% as of March 31, 2020, GNPA is 16.55% & NNPA is 5.77%. As of March 31, 2021, and Net Interest Income (NII) for Q4FY21 increased to Rs. 8,245 crores, from Rs. 7,629 crores in Q4FY20. 

The results of Q4 were rectitude.