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Central Bank of India
3.9
based on 501 Reviews
Video summary
Company Overview
Company Locations
Working at Central Bank of India
Company Summary
Central Bank of India, established in 1911, stands as a key player in the banking sector, addressing the financial needs of the nation while overcoming industry challenges.
Overall Rating
3.9/5
based on 501 reviews
3% above
industry average
Critically rated for
Promotions
Work Policy
Work from office
87% employees reported
Monday to Saturday
44% employees reported
Strict timing
65% employees reported
Within city
37% employees reported
View detailed work policy
Top Employees Benefits
Job/Soft skill training
29 employees reported
Health insurance
21 employees reported
Office cab/shuttle
9 employees reported
Professional degree assistance
7 employees reported
View all benefits
About Central Bank of India
Founded in1911 (114 yrs old)
India Employee Count10k-50k
Global Employee Count10k-50k
India HeadquartersMumbai, Maharashtra, India
Office Locations
Websitecentralbankofindia.co.in
Primary Industry
Other Industries
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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 106 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.
Mission: 1.To transform the customer banking experience into a fruitful and enjoyable one.
2.To leverage technology for efficient and effective delivery of all banking services.
3.To have bouquet of product and services tailor-made to meet customers aspirations.
4.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.
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.
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Central Bank of India Ratings
based on 501 reviews
Overall Rating
3.9/5
How AmbitionBox ratings work?
5
250
4
118
3
73
2
18
1
42
Category Ratings
3.7
Job security
3.7
Skill development
3.6
Company culture
3.6
Work-life balance
3.6
Work satisfaction
3.5
Salary
3.3
Promotions
Central Bank of India is rated 3.9 out of 5 stars on AmbitionBox, based on 501 company reviews.This rating reflects an average employee experience, indicating moderate satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
Read more
Gender Based Ratings at Central Bank of India
based on 459 reviews
3.9
Rated by 91 Women
Rated 3.9 for Work-life balance and 3.9 for Company culture
3.9
Rated by 368 Men
Rated 3.7 for Job security and 3.7 for Skill development
Work Policy at Central Bank of India
based on 89 reviews in last 6 months
Work from office
87%
Permanent work from home
8%
Hybrid
5%
Central Bank of India Reviews
Top mentions in Central Bank of India Reviews
+ 5 more
Compare Central Bank of India with Similar Companies
Change Company | Change Company | Change Company | ||
|---|---|---|---|---|
Overall Rating | 3.9/5 based on 501 reviews | 3.5/5 based on 11.3k reviews | 3.9/5 based on 10.5k reviews | 4.2/5 based on 11.8k reviews |
Highly Rated for | No highly rated category | No highly rated category | Salary | Skill development Work-life balance Salary |
Critically Rated for | Promotions | Promotions Company culture Work satisfaction | No critically rated category | No critically rated category |
Primary Work Policy | Work from office 87% employees reported | Work from office 88% employees reported | Work from office 83% employees reported | Work from office 86% employees reported |
Rating by Women Employees | 3.9 Good rated by 91 women | 3.2 Average rated by 2.1k women | 3.6 Good rated by 1.6k women | 4.2 Good rated by 1.3k women |
Rating by Men Employees | 3.9 Good rated by 368 men | 3.5 Good rated by 8.7k men | 4.0 Good rated by 8.4k men | 4.2 Good rated by 10k men |
Job security | 3.7 Good | 3.5 Good | 3.7 Good | 4.1 Good |
View more
Central Bank of India Salaries
Central Bank of India salaries have received with an average score of 3.5 out of 5 by 501 employees.
Chief Manager
(53 salaries)
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₹12 L/yr - ₹42.2 L/yr
Branch Manager
(44 salaries)
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₹5 L/yr - ₹16 L/yr
Assistant General Manager
(16 salaries)
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₹10 L/yr - ₹34 L/yr
Credit Manager
(15 salaries)
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₹10 L/yr - ₹17 L/yr
IT Manager
(12 salaries)
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₹8 L/yr - ₹17.3 L/yr
Risk Manager
(11 salaries)
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₹12 L/yr - ₹18.4 L/yr
Application Support Engineer
(10 salaries)
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₹2.4 L/yr - ₹5 L/yr
Business Correspondent
(9 salaries)
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₹1.5 L/yr - ₹3 L/yr
Concurrent Auditor
(9 salaries)
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₹1.2 L/yr - ₹5 L/yr
Senior Branch Manager
(8 salaries)
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₹12.5 L/yr - ₹21 L/yr
Central Bank of India News
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Central Bank Of India To Raise Up To Rs 1,500 Crore Via QIP, Sets Floor Price
- Central Bank of India plans to raise up to Rs 1,500 crore through QIP (Qualified Institutional Placement).
- The QIP offers over 37 crore shares and a greenshoe option of over 12.3 crore shares.
- The indicative price for the shares is set at Rs 40.49 per share, with a discount of nearly 13.7% to the last closing price.
- The shares will be allotted to winning bidders on April 1 and will be open to trade after April 3.
Bloomberg Quint | 25 Mar, 2025
Central Bank of India Share Target Price 2025 to 2030
- Central Bank of India Share Price Target 2025: The share price target for Central Bank of India in 2025 ranges from a minimum of ₹34.49 to a maximum of ₹45.37 across different months.
- Central Bank of India Share Price Target (2026 - 2030): The share price target for Central Bank of India from 2026 to 2030 ranges from a minimum of ₹21.64 in 2026 to a maximum of ₹101.15 in 2029.
- Conclusion: The share price of Central Bank of India is expected to decline in the short-term but has the potential to reach ₹101.15 by the end of 2029, making it a viable long-term investment.
- Disclaimer: Stock market predictions are unpredictable and should be verified with other sources. Expert advice is recommended before making investment decisions.
VIE Stories | 4 Feb, 2025
NCLT gives nod to liquidate Go First’s assets
- The National Company Law Tribunal (NCLT) has approved the liquidation of Go First's assets.
- The decision came after attempts to revive the airline failed.
- Go First's financial creditors, including Bank of Baroda and Central Bank of India, filed an application with the NCLT for liquidation.
- The airline's assets include a land parcel, its headquarters, and a training centre, with an estimated overall liability of around ₹11,000 crore.
HinduBusinessLine | 20 Jan, 2025
Central Bank of India Q3FY25 net profit up 34% at ₹959 crore
- Central Bank of India reported a net profit of ₹959 crore in Q3FY25, a 34% increase from the previous year.
- Net interest income rose by 12% to ₹3,540 crore, while other income declined by 8% to ₹1,229 crore.
- Provisions for bad loans declined by 57% to ₹310 crore, and the gross non-performing assets (NPAs) improved to 3.86%.
- Total advances grew by 13% to ₹2,70,779 crore, and total deposits increased by 5% to ₹3,97,907 crore.
HinduBusinessLine | 20 Jan, 2025
Central Bank Of India Q3 Result: Net Profit Up 33%, Share Price Jumps
- Central Bank of India reported a 33.6% increase in net profit for Q3.
- The gross non-performing assets ratio declined to 3.86%.
- Net interest income rose 12% to Rs 3,540 crore.
- Central Bank of India's share price rose over 5% after the announcement.
Bloomberg Quint | 20 Jan, 2025
PSU Bank Stocks Spike On News Of Government Mulling QIP To Dilute Stake
- PSU Bank stocks witnessed a double-digit climb on news of the government considering a QIP to dilute stake.
- Central Bank of India shares rose by 15%, Indian Overseas Bank by 14%, and UCO Bank by 12%.
- Bank of Maharashtra and Punjab & Sind Bank also saw a 10% increase in their shares.
- The government aims to achieve the regulatory compliance of minimum 25% public shareholding.
Bloomberg Quint | 14 Jan, 2025
Homai Ardeshir Daruwalla Joins GPS Renewables as Independent Director
- Homai Ardeshir Daruwalla, former Chairman and Managing Director of Central Bank of India, has joined GPS Renewables as an Independent Director.
- Daruwalla also serves as an independent director at Vizag Seaport Pvt Ltd., Reliance Financial Ltd., and Reliance Securities Ltd.
- She has held key positions in various companies including Central Bank of India, Oriental Bank of Commerce Ltd., and Union Bank of India.
- GPS Renewables is a biofuels company based in Bengaluru, known for its work in the bioenergy sector, and recently launched a subsidiary named GPSR Arya Pvt Ltd to manage BOO projects.
VIE Stories | 7 Jan, 2025
Central Bank Of India Share Price Surges On RBI's Nod For Insurance JV With Italy's Generali
- Shares of Central Bank Of India Ltd. rose 10% on Monday after receiving approval from the RBI for a joint venture with Generali Group.
- The joint venture includes Future Generali India Insurance Co. and Future Generali India Life Insurance Co.
- Central Bank of India had previously acquired a stake in debt-ridden Future Enterprises Ltd. in life and general insurance ventures.
- Central Bank's share price surged by 10% on the NSE, reaching Rs 57.96.
Bloomberg Quint | 25 Nov, 2024
Central Bank Of India Gets RBI Nod For Insurance JV With Italy's Generali Group
- Central Bank of India has received approval from the Reserve Bank of India to enter the insurance business through a joint venture with Italy's Generali Group.
- The joint venture will be launched with the bank's local arms, Future Generali India Insurance Co. and Future Generali India Life Insurance Co.
- Central Bank of India previously received approval from the Competition Commission of India for the acquisition of shareholding in Future Generali India Insurance Co. Ltd. and Future Generali India Life Insurance Co. Ltd.
- The bank's second-quarter profit increased by 51% compared to the same period last year.
Bloomberg Quint | 22 Nov, 2024
Government plans minority stake sale in 4 PSU banks, source says
- The finance ministry is likely to seek approval of the cabinet in the coming months to dilute the stake in 4 PSU banks - Central Bank of India, Indian Overseas Bank, UCO Bank, and Punjab and Sind Bank.
- The plan is to sell the stake through an offer for sale in the open market.
- The government's ownership in these banks ranges from 93% to 98.3%.
- Shares of the banks rose between 3% and 4% following the news.
HinduBusinessLine | 19 Nov, 2024
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Central Bank of India FAQs
When was Central Bank of India founded?
Central Bank of India was founded in 1911. The company has been operating for 114 years primarily in the Banking sector.
Where is the Central Bank of India headquarters located?
Central Bank of India is headquartered in Mumbai, Maharashtra. It operates in 8 cities such as Mumbai, New Delhi, Chennai, Bangalore / Bengaluru, Anand. To explore all the office locations, visit Central Bank of India locations.
How many employees does Central Bank of India have in India?
Central Bank of India currently has more than 32,000+ employees in India. BFSI, Investments & Trading department appears to have the highest employee count in Central Bank of India based on the number of reviews submitted on AmbitionBox.
Does Central Bank of India have good work-life balance?
Central Bank of India has a Work-Life Balance Rating of 3.6 out of 5 based on 500+ employee reviews on AmbitionBox. 73% employees rated Central Bank of India 4 or above, while 27% employees rated it 3 or below on work-life balance. This indicates that the majority of employees feel a generally balanced work-life experience, with some opportunities for improvement based on the feedback. We encourage you to read Central Bank of India work-life balance reviews for more details
Is Central Bank of India good for career growth?
Career growth at Central Bank of India is rated as moderate, with a promotions and appraisal rating of 3.3. 27% employees rated Central Bank of India 3 or below, while 73% employees rated it 4 or above on promotions/appraisal. This rating suggests that while some employees view growth opportunities favorably, there is scope for improvement based on employee feedback. We recommend reading Central Bank of India promotions/appraisals reviews for more detailed insights.
What are the cons of working in Central Bank of India?
Working at Central Bank of India does have some drawbacks that potential employees should consider. The company is poorly rated for promotions / appraisal, based on 500+ employee reviews on AmbitionBox.
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