Central Bank of India

YEAR                                                        EVENTS
 1969 - The Bank was brought into existence by an Ordinance on 19th
        July, for taking over the Undertaking of the Central Bank of
        India, Ltd.  In terms of the Ordinance, the Undertaking of
 The
        Central Bank of India, Ltd. was transferred to and vested in
 the
        new Bank.  The Ordinance was replaced by the Banking
 Companies
        Act, 1969.  The Act was declared null and void by the Supreme
        Court on 10th February, 1970.  An Ordinance was thereupon
        promulgated  which was later replaced by the Banking
 Companies
        Act, 1970 which was made effective retrospectively from 19th
        July, 1969.
 
 1970 - 83 offices were opened in the Lead Districts bringing the
 total
        number of offices in such districts to 139 as at 31st
 December.
        A total of 817 branches were opened by the Bank in 47
 districts
        since nationalisation.
 
 1982 - Rs 2,50,00,000 was subscribed by Government.
 
 1984 - One more regional rural bank was opened.  Another 3 RRBs were
 set
        up in 1985, raising the number of RRBs sponsored by the Bank
 to
        23 covering 37 districts.
 
 1985 - Rs 41.74 crores subscribed for by Government.
 
 1995 - Rs 1256.46 crores subscribed for by Government.
 
 1996 - Rs 500 crores subscribed for by Government.
 
 1997 - The Bank acted as lead managers/co-managers in a few
        public/Rights issue besides taking up underwriting
 commitments
        in a couple of issues.  The bank also acted as bankers to 20
 Mega
        Bond Issue of lead financial institutions.
 
      - The Bank took a number of steps to canvass new export
 accounts
        and to reduce response time in meeting the credit requirements
 of
        the existing customers of the bank.  The bank fully
 computerised
        its International business branch at three major
 international
        business branches at Mumbai, Calcutta and New Delhi.
 
      - Centbank Financial & Custodial Services Ltd., Centbank Home
        Finance Ltd., are subsidiaries the bank.
 
      - Indo Zambia Bank Ltd.: is a joint venture of the bank along
 with
        Bank of Baroda, Bank of India and Government of the Republic
 of
        Zambia.
 
 1998 - As at 31st March, the total number of branches were 3079 and
 the
        total number of extension counters increased from 229 to 232
 from
        the previous year.
 
      - Under the Lead Bank Scheme, the Bank was allotted 39 districts
 in
        six states.
 
 2000 - Dalbir Singh has been appointed the chairman and managing
        director of Central of India for five years, from 17th July
 to
        30th June, 2005.
 
     - Central Bank of India has received the Asian Bankers' Award
 2000 
        for its business journal `Focus' under the category for
        marketing, public relation or brand management.
 
     - Central Bank of India has introduced 7-day banking services in
 select computerised 
        branches in Chennai which includes the branches at Adyar,
 Mylapore, Pallavaram,
       T Nagar, Kodambakkam, and Washermanpet and Mogappair.
 
 2001 - The Bank has launched its voluntary retirement scheme (VRS)
 for a period of 15 days
              commencing on February 22 to March 8, 2001.
 
           - Central Bank of India has set up a first-of-its-kind
 customer information desk at 
             Delhi's Vikas Sadan.
 
           - Central Bank of India will launch a private placement of
 tier-2 bonds to raise up to Rs 200 crore.
 
           - The state-run Central Bank of India (Central Bank) is
 planning to raise Rs 250 crore for bolstering its Tier-II            
  capital, via private placement.
 
 2003
 
 - Central Bank of India (CBI), along with Canara Bank, Indian
 Overseas Bank (IOB), UCO Bank and Union Bank of India (UBI) have
 formed an alliance to launch  `Cash Online' ATM network
 
 2004
 
 - Central Bank of India ties up with New India Assurance Company Ltd
 for distribution of non-life insurance covers
 
 -Central Bank unveils new trading system on NDS