Seminar On Central Bank of India

SEMINAR ON
Central Bank of India
Name: Paramjeet Singh

Roll No.: 2010 MGB 1096
Class: MBA General (B)
Introduction
Central Bank of India (CBI) is a provider of commercial and retail
banking services in India. The bank offers a range of services such
as deposit schemes, cash management services, banc assurance,
mutual funds and depository services. The bank is engaged in
lending management, banking deposits and investments services.
The bank also provides agricultural loans and educational loans. CBI
provides its services to retail and commercial customers. The bank
operates through a network of 3,413 branches and 237 extension
counters in India. Central Bank of India is manages these branches
across 27 States and four Union Territories
Company History
Established in 1911, Central Bank of India was the first Indian
commercial bank which was wholly owned and managed by Indians.
The establishment of the Bank was the ultimate realisation of the
dream of Sir Sorabji Pochkhanawala, founder of the Bank. Sir
Pherozesha Mehta was the first Chairman of a truly 'Swadeshi Bank'.
Among the Public Sector Banks, Central Bank of India can be truly
described as an All India Bank, due to distribution of its large
network in 27 out of 29 States as also in 3 out of 7 Union Territories
in India. Central Bank of India holds a very prominent place among
the Public Sector Banks on account of its network of 3656 branches
and 178 extension counters at various centres throughout the length
and breadth of the country.
1921 Introduction to the Home Savings Safe Deposit Schemeto build saving/thrift habits in all sections of the
society.
1924 An Exclusive Ladies Department to cater to the Bank's women clientele.
1926 Safe Deposit Locker facility and Rupee Travellers' Cheques.
1929 Setting up of the Executor and Trustee Department.
1932 Deposit Insurance Benefit Scheme.
1962 Recurring Deposit Scheme

1976 The Merchant Banking Cell was established.
1980 Centralcard, the credit card of the Bank was introduced.
1986 ‘ Platinum Jubilee Money Back Deposit Scheme' was launched.
1989 The housing subsidiary Cent Bank Home Finance Ltd. was started with its
headquarters at Bhopal in Madhya Pradesh.
1994 Quick Cheque Collection Service (QCC) & Express Service was set up to
enable speedy collection of outstation cheques.
VISION
To emerge as a strong, vibrant and pro-active

Bank/Financial Super Market and to positively
contribute to the emerging needs of the economy
through consistent harmonization of human,
financial and technological resources and
effective risk control systems.
MISSION
To transform the customer banking experience into a fruitful and
enjoyable one.

♦ To leverage technology for efficient and effective delivery of all
banking services.

♦ To have bouquet of product and services tailor-made to meet
customers aspirations.

♦ The pan-India spread of branches across all the state of the country
will be utilized to further the socio economic objective of the
Government of India with emphasis on Financial Inclusion.
HEAD OFFICE
BOARD OF DIRECTORS
S Sridhar Chairman and Managing director

Brijlal Kshatriya Director
Romesh Sabharwal Director
B S Rambabu Director
V R Iyer Executive Director
Shashank Saksena Director
N Balakrishnan Director
Ved Parkash Director
Salim Gangadharan Nominee Director
R K Dubey Executive Director
PRODUCTS & SERVICES
Being one of the largest commercial banks of India, Central Bank of
India brings a whole range of banking products and financial services
for every type of customers. The bank also offers complete
information on the features and benefits of its products and services
on its official website. The following is a list showing the types of
services and products made available by the bank are :
•Debit/ATM Card
•Mutual Funds
•Depository Services
•Cash Management Services
•Online Bill Payment
 Deposits
 Direct Housing Finance Scheme
 Cent Kisan Gold Card
 Cent Home Loan Plus
 Educational Loan
 NRI Accounts
 Demat Account
 MoneyGram/ExpressMoney
 Foreign Exchange Remittance
 Central Excise and Service Tax Payments
 Collection of Direct Taxes
Organizational Structure
EXECUTIVE
DIRECTOR
MANAGER
SYSTEM CASH SENIOR SECRETAR

MANAGEMENT
ANALYST REPRESENTATI
CAHSIER Y
VE
CASHIERS
[2]
Competitors
 State Bank Of India
 RBS (Royal Bank of Scotland)
 Maharashtra Bank of India
 Canara Bank
 Andhra Bank
 IDBI Bank
 Punjab National Bank
 HDFC bank
 Bank of India
 Allahabad Bank
 ING Vysya
 HBSC Bank
 ICICI Bank
SWOT ANALYSIS
 THREATS
 Capital Market slow-down
 Lack of infrastructure in rural areas could constrain
investment.
 Threat from various competitors.
1 Foreign banks
2 Govt. banks, e.g. SBI, PNB etc
3 Private sector competitors like HDFC, ICICI
 Government Rules And Regulation
Corporate Governance
 CORPORATE GOVERNANCE - CODE OF CONDUCT for
the Bank’s Board of Directors and Core Management
approved by the Board
 I. NEED AND OBJECTIVE OF THE CODE: Clause 49 of

the Listing Agreement entered into with the Stock Exchanges
requires, as part of Corporate Governance the listed entities to
lay down a Code of Conduct for Directors on the Board of an
entity and its Senior Management. Senior Management has
been defined to include personnel who are members of its
Core Management (top Executives at the level of General
Managers) and functional heads excluding the Board of
Directors. Accordingly the Bank has laid down this Code for
its Directors on the Board and its Core Management.
 II. BANK’S BELIEF SYSTEM This Code of Conduct attempts to
set forth the guiding principles on which the Bank shall operate and
conduct its daily business with its multitudinous stakeholders,
government and regulatory agencies, media, and anyone else with
whom it is connected. It recognizes that the Bank is a trustee and
custodian of public money and in order to fulfill its fiduciary
obligations and responsibilities, it has to maintain and continue to
enjoy the trust and confidence of public at large. The Bank
acknowledges the need to uphold the integrity of every transaction
it enters into and believes that honesty and integrity in its internal
conduct would be judged by its external behavior. The Bank shall
be committed in all its actions to the interest of the countries in
which it operates. The Bank is conscious of the reputation it carries
amongst its customers and public at large and shall endeavor to do
all it can to sustain and improve upon the same in its discharge of
obligations. The Bank shall continue to initiate policies, which are
customer centric and which promote financial prudence.
CSR Initiatives
A. Central Bank of India sanctions Education Loan in a day to

Shri Apurva Mishra: First Indian at Nobel Prize ceremony in
Stockholm for SIYSS Award.
B. Central Bank of India is currently aggressively canvassing

education loan proposals with a view to assist to all deserving
students for pursuing higher education.Recently, Janpath Branch
of the Bank in Bhubaneswar, sanctioned a education loan in a
day for Rs.7.60 lacs to Sri Apurva Mishra, a young achiever for
pursuing a course in B. Sc. (Technology & E-Commerce) at
London, U.K.

C. TheBank has Implemented Youth Finance Facility in collaboration
with Commonwealth Secretariat in 4 backward districts. The aim is to
provide integrated financial assistance to youth for setting up micro
enterprises.
D. Bank provided Technical Assistance through capacity building on
Micro-finance in St.Lucia in West Indies.
E. The Bank had organized inclusive and integrated programme on
Small Business Competitiveness Development Programme in Jaipur in
collaboration with Commonwealth secretariat.
F. In order to develop rural entrepreneurship, the Bank launched a
Rural Development and Self Employment
Training Institute(RUDSETI) at Ambikapur (Chatishgarh),
Chhindwara (Madhya Pradesh), Jabalpur (Madhya Pradesh),
Jalpaiguri (West Bengal) and Ratlam (Madhya Pradesh). This will
provide intensive entrepreneurship training to the rural youth, to
enable them to take to vocational activities..
THANK
YOU

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SEMINAR ON

Central Bank of India

Name: Paramjeet Singh

1924 An Exclusive Ladies Department to cater to the Bank's women clientele.

1926 Safe Deposit Locker facility and Rupee Travellers' Cheques.

1929 Setting up of the Executor and Trustee Department.

1932 Deposit Insurance Benefit Scheme.

1962 Recurring Deposit Scheme

1980 Centralcard, the credit card of the Bank was introduced.

1986 ‘ Platinum Jubilee Money Back Deposit Scheme' was launched.

To emerge as a strong, vibrant and pro-active

S Sridhar Chairman and Managing director

SYSTEM CASH SENIOR SECRETAR

 I. NEED AND OBJECTIVE OF THE CODE: Clause 49 of

A. Central Bank of India sanctions Education Loan in a day to

B. Central Bank of India is currently aggressively canvassing

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