Central Bank of India

Public Sector Commercial Bankingcentralbankofindia.co.in

Central Bank of India is a government-owned public sector bank operating 4,585 branches across India, serving retail, agricultural, MSME, and corporate customers with deposits, lending, treasury, and insurance distribution services.

Company typePublic
Founded1911
HeadquartersMumbai, India
Headcount5,001–10,000
GTM typeB2B and B2C
OfferingServices

What Central Bank of India does

Central Bank of India is a Mumbai-headquartered Indian public sector commercial bank founded in 1911 and nationalized in 1969, listed on NSE (CENTRALBK) and BSE, with the Government of India holding approximately 81.19% of equity. It operates 4,585 branches across 28 states and 6 union territories, with 65% of its network in rural and semi-urban areas, giving it one of the largest physical footprints among Indian banks and a structural advantage in serving underbanked, agricultural, and government-payroll customer segments. Core products include CASA and term deposits, retail and MSME lending, corporate and agricultural credit, treasury and foreign-exchange services, and bancassurance distribution through long-standing joint ventures with Generali (life and general insurance). The bank monetizes primarily through net interest income on its global advances book of ₹3.54 lakh crore against deposits of ₹4.79 lakh crore (total business ₹8.34 lakh crore), supplemented by transaction fees, commission on insurance and government social-security disbursements, and treasury income, with a reported net interest margin of 3.21% and ROA of 0.86% in FY25.

The operating model is increasingly digital: the Cent Neo Digital Lending Platform uses AI/ML underwriting and the Cent Digital Vyapaar mobile app enables paperless, video-KYC-based onboarding, while a new five-year, ₹125.88 crore contract with Dynacons Systems is building a private cloud, AI, and enterprise data-center stack on NVIDIA H200 GPU servers. The bank is also extending its footprint via a GIFT City IFSC Banking Unit, rolling out wealth management and co-branded credit cards in H2 FY27, and has secured board approval to raise up to ₹7,000 crore in equity to support double-digit loan growth. Capital adequacy stands at 18.28% with gross NPA at 3.26%, providing headroom for the targeted scale-up in digital and green-energy lending.

Central Bank of India firmographics

Firmographics

Name: Central Bank of India
Legal name: Central Bank of India
Website: https://centralbankofindia.co.in
Company type: Public
Founded year: 1911
Operating status: Operating
Headcount range: 5,001–10,000 employees
Short description: Central Bank of India is a government-owned public sector bank operating 4,585 branches across India, serving retail, agricultural, MSME, and corporate customers with deposits, lending, treasury, and insurance distribution services.
Ownership category
akta.pro rank

Central Bank of India industry classification

Industry

Product category: Public Sector Commercial Banking
NAICS: Commercial Banking (52211), Depository Credit Intermediation (5221), Commercial Banking (522110)
SIC: State Commercial Banks (6022), Commercial Banks, Nec (6029)
akta.pro primary industry: Public Sector Retail Banks (State-Owned Commercial Banks) (FSABAKAL)
akta.pro secondary industries: Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA), Branch & In-Person Banking (Teller/ATM Networks) (FSABAAAE), Credit Cards & Revolving Credit (FSABAAAC)

Keywords

Retail banking services
Agricultural lending
MSME finance
Corporate banking
Digital lending platform

Where Central Bank of India is headquartered

Location

Headquarters

HQ city: Mumbai
HQ country: India
HQ region: Asia

Offices3 records

Markets served

Central Bank of India business model

Business model

GTM type: B2B and B2C
Offering type: Services
Cost components: Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

Net Interest Income: Interest income from loan portfolio including retail, agricultural, MSME, and corporate advances. Represents the primary revenue driver at approximately ₹9,691 crore in Q1 FY27.
Non-Interest Income: Fee income from digital banking services, insurance distribution through bancassurance partnerships, and treasury operations.
Insurance Joint Ventures: Revenue from life insurance and general insurance joint ventures with Generali (26% stake), contributing to overall business growth through bancassurance.

Pricing tiers

Model	Billing	Price
Subscription	Annual	FCNR(B) USD deposits up to 6.60%

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Central Bank of India product offering

Product offering

Core offering

Central Bank of India provides full-spectrum commercial banking services including deposit products (savings, current, term and recurring deposits), loan products (housing, vehicle, gold, education, personal, agricultural, MSME and corporate advances), digital lending through the Cent Neo platform, NRI and foreign-currency banking via its IFSC Banking Unit, and fee-based services such as insurance, investment distribution, treasury and government business. It serves retail consumers, farmers, micro/small/medium enterprises, large corporates, NRI customers, and central/state government entities across India through a nationwide branch and digital network.

Differentiator

Problem solved

Functional benefit

Brands

Cent Business Loan: Business loan scheme for manufacturers/traders/processors with working capital and term loan facilities up to Rs 25 crore
Cent Mortgage Business
Cent eeZ
Cent Pay
Cent Neo
Cent Rewards
Cent FPO Scheme
Cent Vyavsaay Account

Products and services

Savings Account (Premium Savings, Cent Varsh Vaibhav, Cent Samriddhi, Cent Super Senior and other variants)

Quantifiable outcome

Loan growth of 28.58% YoY in Q1 FY27
+3 more outcomes

Companies that use Central Bank of India

Customer profile

Named customers3 records

Segments5 records

Ideal customer profiles4 records

Central Bank of India technology and API

Technology

API detail

Has API: No
API docs
API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature2 records

Central Bank of India partnerships and signals

Strategic signal

Partnerships

Six partnerships are on record, tiered core and minor.

Generali Central Life InsurancecoreStrategic or Co-development Partner · 3 July 2026Joint venture (74:26) between Italy's Generali Group and Central Bank of India. The insurance company aims to double GWP to ₹5,000 crore in three years, leveraging the bank's 4,500+ branches for distribution through bancassurance channel. Reported 99.57% individual claim settlement ratio for FY26.
Generali Central General InsurancecoreStrategic or Co-development Partner · 28 June 2026Joint venture (74:26) between Italy's Generali Group and Central Bank of India. The general insurer targets growing GWP from ₹5,600 crore to ₹10,000 crore over five years with 7-8% annual growth, focusing on retail health, SME insurance, and cyber insurance segments.
Dynacons Systems and SolutionscoreTechnology or Integration · 8 June 2026Five-year ₹125.88 crore contract for building private cloud infrastructure with NVIDIA H200 GPU servers and containerization platform. Represents significant technology modernization initiative for the public sector bank.
Small Farmers Agri-Business ConsortiumminorStrategic or Co-development PartnerMoU for agricultural business development and farmer producer organization support
AFC India LtdminorStrategic or Co-development PartnerMoU for agricultural and rural development initiatives
NAB FoundationminorStrategic or Co-development PartnerMoU for agricultural credit and development programs

Scale indicators10 records

Recent moves9 records

Expansion highlights7 records

Central Bank of India competitors and assessment

Company assessment

Broad incumbents

HDFC Bank: India's largest private sector bank offering the same core retail, MSME, and corporate banking products. Broader incumbent competitor setting the benchmark for digital banking, NIM, and asset quality that Central Bank of India is trying to close the gap on.
ICICI Bank: Major private sector bank with strong retail and MSME lending franchise and aggressive digital strategy. Represents the private-sector benchmark that limits Central Bank of India's pricing power and talent retention.

Direct peers

Bank of India: Public sector commercial bank with comparable nationwide branch network, similar customer segments, and broadly identical product suite in retail, agri, MSME, and corporate banking.
Indian Bank: Public sector bank with strong retail, MSME, and agricultural lending focus — directly comparable in segment mix and target customer profile to Central Bank of India.
State Bank of India: India's largest public sector bank and the closest direct peer to Central Bank of India. Operates an extensive branch network, offers similar retail/agriculture/MSME/corporate banking products, and competes in the same public-sector deposit and lending segments with comparable government ownership structure.
Canara Bank: Large Indian PSU bank with overlapping customer segments (retail, agri, MSME) and similar digital transformation programs. Direct competitor in priority-sector lending and government scheme distribution.
Indian Overseas Bank: Smaller PSU peer with similar nationwide branch presence and product offerings in retail, MSME, and agriculture — comparable in scale and structure to Central Bank of India.
Bank of Baroda: Public sector bank with similar multi-segment retail, MSME, and corporate banking focus. Competes head-to-head with Central Bank of India in branch-based banking, government scheme distribution, and asset quality recovery narratives.
Union Bank of India: Public sector bank of similar scale offering comparable retail, agriculture, MSME, and corporate products through a nationwide branch network — competing directly in the same PSU deposit and lending market.
Punjab National Bank: Public sector bank with comparable nationwide branch presence and similar product mix across retail, agriculture, MSME, and corporate segments. Faces the same PSU governance and asset-quality-improvement trajectory as Central Bank of India.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

Central Bank of India financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Central Bank of India leadership team

Management profile

Number of profiles

Profiles7 records

Central Bank of India subsidiaries and ownership

Company hierarchy

Subsidiaries4 records

Central Bank of India funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Central Bank of India M&A and investment

M&A and investment

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Central Bank of India

What does Central Bank of India do?

Is Central Bank of India a public or private company?

Central Bank of India is a public company. It is classified as state government owned and is currently operating.

When was Central Bank of India founded?

Central Bank of India was founded in 1911. It employs 5,001 to 10,000 people.

Where is Central Bank of India based?

Central Bank of India is headquartered in Mumbai, India, in the Asia region.

How does Central Bank of India make money?

Three revenue lines are on record. Net Interest Income is the primary driver. The others are non-Interest Income and insurance Joint Ventures.

Who are Central Bank of India's main competitors?

Broad incumbents on record are HDFC Bank and ICICI Bank. Direct peers are Bank of India, Indian Bank, State Bank of India, Canara Bank, Indian Overseas Bank, Bank of Baroda, Union Bank of India and Punjab National Bank.

Does Central Bank of India have an API?

No public API is recorded for Central Bank of India.

What industry is Central Bank of India in?

Central Bank of India's product category is Public Sector Commercial Banking. Its primary akta.pro industry code is FSABAKAL, Public Sector Retail Banks (State-Owned Commercial Banks), with a secondary code of FSABAAAA, Mass-Market Consumer Deposit Banking (Checking/Savings). Its NAICS code is 52211 and its SIC code is 6022.