Central Bank of India

Central Bank of India functions as a commercial bank within the borders of India. The bank provides a range of deposit products, including savings and current accounts, time deposits, fixed deposits, recurring deposit schemes, and small saving schemes. Additionally, they offer various types of loans such as housing, vehicle, property, personal, senior citizens, education, agricultural, and micro small and medium enterprises loans. The bank also offers services such as credit, debit, and prepaid/gift cards, cash management, mutual funds, depository services, mobile and Internet banking, and ATM services. Furthermore, Central Bank of India provides corporate loans for project finance, infrastructure funding, financing to infrastructure investment trusts, short-term corporate loans, advances, working capital facilities, line of credit, export finance, foreign currency loans, bills purchase/discount/negotiation facilities, non-fund based facilities, and facilities to other industries. The bank also engages in the sale and distribution of life, general, and health insurance products, including unit-linked, whole life, children, money back, endowment, pension, health, property, personal, fire, burglary, engineering, motor, package, travel, and group insurance products, as well as protection and retirement solutions. As of March 31, 2022, Central Bank of India operated through a vast network of 4,528 branches, 2,976 ATMs, 10 satellite offices, and 1 extension counter. The bank has established a strategic co-lending partnership with IIFL Home Finance Limited to offer SME LAP loan products under the priority sector to MSME borrowers. Central Bank of India was incorporated in 1911 and has its headquarters in Mumbai, India.