Central Bank of India

Central Bank of India, a government-owned bank, is one of the oldest and largest commercial banks in India. It is based in Mumbai which is the financial capital of India and capital city of state of Maharashtra. It is one of eighteen public sector banks in India to get recapitalised in 2009.

Central Bank of India provides commercial banking products and services. It offers a range of products, including fund-based, non fund-based, fee and commission based products and services, deposits and foreign exchange and derivative products. The company also provides loans and advances for housing, retail trade, automobiles, consumer durables, education and other personal loans and deposit services, such as current, savings and fixed deposits for the customers. It also provides term loans for acquisition, construction, or improvement of assets, as well as short-term loans, cash credit, export credit, and other working capital financing and bill discounting; and letters of credit and guarantees. The company operating business through the following segments: Agriculture, Small & Medium Scale Enterprises and Retail Advances. Central Bank of India was founded by Sorabji Pochkhanawala on December 21, 1911 and is headquartered in Mumbai, India.