Mumbai, Central Bank of India, one of the country’s leading public sector banks, marked its 114th Foundation Day on 21st December 2024 with celebrations held across the country. On this momentous occasion, a special ceremony was conducted at the Bank’s Main Office in Mumbai and its Corporate Office at Nariman Point, Mumbai. The 114th Foundation Day of Central Bank of India serves as a reminder of the institution’s rich heritage, its ongoing transformation, and its commitment to serving the nation with excellence in banking.
The ceremony was graced by Shri M.V. Rao, Managing Director & CEO, along with Shri Vivek Wahi, Executive Director, Shri M.V.Muralikrishna, Executive Director, Shri Mahendra Dohare, Executive Director, senior executives, and the granddaughter of the Bank’s founder, Dr. Piloo Hakim. Floral tributes were paid to the visionary founder, Sir Sorabji Pochkhanawala, in remembrance of his extraordinary contributions in establishing the Bank.
In celebration of this historic milestone, the Bank also released the 4th edition of its History Book, which chronicles the rich legacy and journey of Central Bank of India. An audio-visual presentation highlighting the history of the Bank was unveiled, focusing on the institution’s recent accomplishments, particularly its 360-degree turnaround. This transformation has led the Bank to become a consistently profit-making organization over the past three years.
A range of new and customized financial products were introduced on this occasion, aimed at meeting the diverse needs of the Bank’s stakeholders. These include products for MSMEs, Retail, Salaried class, Business persons and facilities for Forex operations. The Bank also launched new initiatives for its employees, focusing on their growth, well-being, and professional development.
Addressing the gathering, Shri M.V. Rao, MD & CEO of Central Bank of India, expressed his gratitude to all stakeholders for their unwavering support. He emphasized the importance of customer-centric products in driving the Bank’s growth and appealed to all employees to perform with passion and dedication. “Let us continue to work with the same zeal and commitment, ensuring that we enhance the Bank’s performance and contribute to the broader economic growth of the nation,” he said. With a strong focus on customer-centric innovation, the Bank is committed to contributing to the financial inclusion and economic development of the nation.
