Central Bank of India Review

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'. In fact, such was the extent of pride felt by Sir Sorabji Pochkhanawala that he proclaimed Central Bank of India as the 'property of the nation and the country's asset'. He also added that 'Central Bank of India lives on people's faith and regards itself as the people's own bank'.

During the past 104 years of history the Bank has weathered many storms and faced many challenges. The Bank could successfully transform every threat into business opportunity and excelled over its peers in the Banking industry.

A number of innovative and unique banking activities have been launched by Central Bank of India 

and a brief mention of some of its pioneering services are as under:

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.

• Reviews of Central Bank Of India-
• Satyam Sahay -  "Good to be associated with central bank of India"

Good to be associated with central bank of India

Technology adoption is slow

Advice to Management Accelerate technology adoption

• Ravi Nayak  -  "Grateful "

I always opt for central bank of India . It is really life soothing to work with CBI Though I am retired from the service, I shall be grateful to the management if my services are utilised in the Bank even with no monetary benefits.

• Janaradhan - "Its good"

They wont take much charges only for the online transfer, they used to deduct some amount as per the RBI. I have been using Central of India saving account for past 10 years, Being a nationalized bank their service is slow. If I go to bank some time they make customer to wait.

• Sumit Dev - "Excellent"

I have taken my salary account with Central Bank Of India. I would like to rate them 5 for my overall experience as they are very excellent in responses and customer service.

• Dhananjay - "Customer Oriented Bank"

I hold a saving account with CENTRAL BANK OF INDIA. They serve the customers in good manner. For the past 8 years I am experiencing the service from CENTRAL BANK OF INDIA.

• Ravindra - "Very Good Service"

The central bank of India taken around 4 to 5 days to approve and disburse my car loan amount. The rate of interest is very low when compared with others banks. The customer service is very good with Central bank of India .

•  Rahul ,Hydrabad -  "Joyful & satisfactory work environment"

Working at Central Bank Of India was a really satisfactory experience. I worked at various branches of the bank & every where got a good team work experience. My Bank is known for very good customer service. I am proud to have been a part of this institution.

• Chetan - "Fast Loan Process" 

I am fine with Central Bank, documentation process was good, they done the formalities on time and done the personal loan disbursement within two days of time. Service of centralized bank is not up to the mark like HDFC.










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