Www.central bank of india

Central Bank of India is one of the largest commercial banks in India. Founded in December 21, 1911 by Sorabji Pochkhanawala, Central Bank of India is believed to be the first commercial bank in India, owned and managed fully by the Indians. In 1923, Central Bank of India acquired Tata Industrial Bank. It has made its position in the Indian banking industry through a range of innovative and unique banking activities, which continued even after the nationalization of banks in India in 1969. • Introduced Home Savings Safe Deposit Scheme for building thrift/savings habits in 1921. • Opened up an exclusive Ladies Department for the women customers in 1924. • Safe Deposit Locker facility in 1926. • Set up Executor and Trustee Department in 1929. • Deposit Insurance Benefit Scheme in 1932. • Recurring Deposit Scheme in 1962. Branches Central Bank of India has its presence in all the Indian state but one, and 4 out of 7 Union Territories of the country. It has an extensive network of 3,546 branches as well as 218 extension counters across the country. Total Branches 3546 Rural 1379 Semi Urban 889 Urban 680 Metropolitan 598 ATMs 400 CBS Branches 1211 Shareholding Pattern Following is the shareholding pattern of Central Bank of India (as on September 30, 2009): Shareholder Percentage Government of India 80.20 FIs 7.17 FIIs 3.86 Insurance Companies 0.23 Other Body Corp. 0.80 Public 6.42 Others 1.32 Products & Services Central Bank of India offers following products and services to i...

Central Bank of India has invited applications from candidates for Apprentice posts. Eligible candidates can apply online through the official site of Central Bank of India at centralbankofindia.co.in. This recruitment drive will fill up 5000 posts in the organisation. Central Bank of India to recruit 5000 Apprentice posts, direct link here The opening date of application is March 20 and closing date is April 3, 2023. The online examination will be conducted in second week of April. Read below for eligibility, selection process and other details. Eligibility Criteria Candidates who want to apply for the posts should have graduation degree in any discipline from a recognized University or any equivalent qualifications recognized as such by the Central Government. The age limit of the candidate should be between 20 years to 28 years. Selection Process The selection process comprises of online written test and having local language proof. The online written examination will consists of five parts i.e. 1. Quantitative, General English, & Reasoning Aptitude and Computer Knowledge 2. Basic Retail Liability Products 3. Basic Retail Asset Products 4. Basic Investment Products 5. Basic Insurance Products Application Fees The application fees for PWBD candidates is ₹400+ GST, Schedule Caste / Schedule Tribe / All Women candidates is ₹600+GST and other candidates is ₹800+GST. Detailed Notification Here Direct link to apply here

India’s disinflation process is "likely to be slow and protracted” and the central bank may meet its 4% target only in the medium term, Reserve Bank of India Governor Shaktikanta Das said Tuesday. "The cumulative impact of our monetary policy actions over the last one year is still unfolding and yet to materialize fully,” Governor Das said at an event by Central Banking magazine in London, adding that RBI’s price-gains forecast of 5.1% for the current financial year is well above its aim. Last week, India’s rate-setters kept the benchmark repo rate unchanged for a second straight meeting, reiterating the need to align inflation near the mid-point of its 2%-6% range on a durable basis. Das said the MPC eschewed from providing any future guidance on the timing and level of the terminal rate as guidance in a rate tightening cycle was "fraught with risks.” India’s central bank expects the nation to grow 6.5% in the current fiscal year. The government’s continued thrust on capital expenditure is creating additional capacity and triggering private investment, Das said. Robust domestic demand, especially private consumption and investment, boosted the economy, he added.