1994
 
 - The company was incorporated on 30th June, and the certificate of
 Commencement of Business on July 20th.  It is promoted as a joint
 venture between 20th Century Finance Corporation Ltd, and its
 associates and Keppel Group of Singapore.  It has got a network of
 ten
 branches.
 
 - The main equity of the Bank was provided by the promoters, 20th
 Century Finance Corporation Ltd. & its associates and Keppel Bank of
 Singapore (now Keppel TatLee Bank Ltd.) through Kephinance
 Investment
 (Mauritius) Pte. Ltd.
 
 1995
 
 - 20th Century Finance Corporation Limited, has been amalgamated
 with
 Centurion Bank Limited.
 
 - The Bank, set up in a fully computerised environment with ATM
 facility at every branch and Computer networking between branches
 can
 indeed claim to be a `Bank with a difference'.
 
 - The Bank has introduced, for the first time in the country, the
 concept of `anywhere banking' which enables to operate the account
 from
 any other branch of the Bank.
 
 1996 
 
 - During the year under review the Bank made an issue of 22,50,000
 Equity Shares to the shareholders of promoter company and allotted
 9,42,50,000 Equity Shares to the promoters as well as others
 including
 Keppel Group, International Finance Corporation and Asian
 Development
 Bank out of the application money which had already been received by
 the Bank.
 
 - New branches were opened at Chennai, Bangalore, Chandigarh,
 Cochin,
 Calcutta and Delhi; the number of branches in operation increased
 from
 4 to 10.
 
 - The Bank has been providing financial assistance by way of leasing
 and direct loans to units engaged in generating non-conventional
 energy
 as well as in conservation of energy.
 
 1997
 
 - The Bank proposes to set up 15 more branches, to expand its
 network
 to 35 branches.
 
 - The Centurion Bank Ltd, one of the fastest growing new generation
 private sector banks in the country, is all set to enhance its
 presence
 in Kerala.
 
 - During the year, the bank was awarded the highest safety A1 rating
 by
 the Industrial Credit Rating Agency.
 
 - Centurion Bank Ltd proposes to open 10 more branches by December.
 The bank currently has 20 branches and its plans to expand its
 network
 to all the major cities in the country.
 
 1998 
 
 - Centurion Bank Ltd proposes to be the first bank to offer Internet
 banking in its true sense.
 
 - The company also recently spun off its Car finance division into a
 49:51 joint venture with General Motors Acceptance Corporation
 (GMAc),
 one of the largest auto finance companies in the world.
 
 1999
 
 - TCFC Finance Limited has entered into a Finance Support Agreement
 dated April 8th, and Supplement Agreement dated April 9th, with
 Centurion Bank Ltd. agreeing to provide financial support over a
 period
 of six years.
 
 - The Bank is linked to the Society for Worldwide Interbank
 Financial
 Telecommunication (SWIFT) network enabling it to transmit worldwide
 the
 financial messages instantly.  The Bank will also continue to focus
 on
 trade financing, both domestic and international, as a niche-market
 product.
 
 - Centurion Bank, with the Keppel association, has the distinct
 advantage of being able to offer the latest in International Banking
 Services as well as leads on business opportunities available
 overseas
 for corporate clients.
 
 - The Bank is also proposing to install software whereby the ATMs
 can
 be a part of a shared network through tie-ups with other ATM card
 issuers as well as credit card issuers.
 
 - The Bank has a diversified loan portfolio managed by personnel
 with
 experience in the Banking industry.
  
 - The Company's public issue on 20th September, of 3,3750,000 Equity
 Shares of Rs. 10/- each at par aggregating Rs. 33.75 crores.
 
 - Centurion Bank, meanwhile, has introduced the `single cheque book'
 facility for its current account holders.
 
 - Centurion Bank Ltd (CBL) has appointed PricewaterhouseCo-opers
 (PWC)
 to undertake an `integration audit' of its operations.
 
 - Leading private sector bank, Centurion Bank, has introduced
 floating
 interest rate term deposits for the first time in India.
 
 - Centurion Bank and Canada Life Assurance have entered into a
 tie-up
 to offer insurance products in the country.
 
 - JM Mutual Fund has entered into a non-exclusive tie-up with
 Centurion
 Bank for marketing its schemes.
 
 - Centurion Bank has launched a cash management product - Cash and
 Transaction Services (CATS) to provide a single window facility to
 its
 clients for all their receivables requirements.
 
 2000 
 
 - Centurion Bank and Logica Plc of the UK signed a strategic
 technology
 alliance, whereby the bank launches a series of new electronic
 banking
 products.
 
 - The Bank has opened a new branch with online ATM connectivity at
 Vellore in Tamil Nadu.
 
 - Mr. M.G. Subbaiah, Senior General Manager, ICICI Ltd, is to join
 Centurion Bank as Managing Director.
 
 - The Company has signed a deal with Geojit Securities to provide
 payment gateway for Internet trading.
 
 - The Bank has set up a capital markets division to offer clearing
 services to leading stock exchanges and offering specialised
 services
 to market intermediaries.
 
 - The Board has approved to raise the additional capital by way of a
 rights issue in the ratio of seven equity shares for every 10 equity
 shares held at a premium of Rs 2 per share and ESOPS up to Rs 10
 crore.
 
 - The Company additional capital by way of a rights issue in the
 ratio
 of seven equity shares for every 10 equity shares held at a premium
 of
 Rs. 2 per share and has also approved the employee stock option
 scheme
 up to Rs. 10 crores for which a compensation committee has been
 constituted to finalise the scheme.
 
 - Centurion Bank opened a full-fledged branch in Hubli, Karnataka.
 
 - The Company proposed to issue 10,67,29,134 No. of equity shares of
 Rs
 10 each at a premium of Rs 2 per share to the equity shareholders of
 the company on rights basis in the ratio of seven equity shares for
 every 10 equity shares.
 
 - Centurion Bank has launched its global debit card -- Vantage-24 in
 a tie-up with MasterCard International.
 
 2001
 
 - The Centurion Bank has tied up with the Indian Banks Association's
 (IBA) shared payment network scheme, known as a Swadhan ATM Network.
 
 - Centurion Bank has tied up with the Indian Bank Association's
 shared
 payment network scheme, the `Swadhan ATM Network'.
 
 - Centurion Bank is issuing 10,67,29,134 No. of equity shares of Rs
 10
 each at a prmeium of Rs 2 on rights basis to boost its capital base.
 
 - Mr. M.J. Subbaiah has resigned as Managing Director of Centurion
 Bank
 with effect from March 31.
 
 - Centurion Bank has slipped into the red. Total income for the
 quarter
 fell 11.40 per cent to Rs 158.78 crore as against Rs 179.22 crore
 earlier.
 
 2002
 
 -Mr Janakiraman assumes the charge as the Chairman and MD of the
 bank.
 
 - Mr. Frank Polman, Nominee of Asian Development Bank (ADB) gives
 resignation from the Board of the bank and is replaced by Mr. Jayant
 Dang, who is Alternate Director to Mr. Polman. ADB has appointed Mr.
 Davendra Mittal as Alternate Director to Mr. Dang.
 
 -Bank Muscat and AIG Indian Sectoral Fund complete their due
 deligence in the bank 
 
 -Mr Roy Karoaglan  resigns as Nominee from IFC from the directorship
 of the company.
 
 -Closes down the capital market branch in the Fort area and converts
 it into a regular branch.
 
 -Introduced 'MYCBOL' , an international banking service, which is
 availabe free at www.centurionbank.com
 
 -Receives extension of three months from RBI to publish its annual
 reports.
 
 -Enters into a deal with eSeva of Andhra Pradesh Government to enable
 its customers make payment of utility bills online.
 
 -Rana Talwar bids for centurion bank through sabre capital worldwide
 marks the resurgence of the banker-entrepreneur.
 
 2003
 
 -Rana Talwar's Sabre Capital worldwide completed its due deligence
 exercise on the bank. It ties up with CDC fund and Chrysalis capital
 to introduce formal bid for centurion bank.
 
 -Mr V Janakiraman re-appointed as the CMD of the bank.
 
 -Asian Development Bank team approaches RBI to recast the equity
 structure of the bank.
 
 -Launches mobile phone based 'SMS Alerts' a value added premium
 service.
 
 -Revises the capital restructuring plan by which the existing paid up
 capital of Rs.1524.7 million
 would be reduced to Rs.152.47 million.  
 
 -Proposes Rs.65cr rights-cum-public issue to hit the market by third
 quarter in the year.
 
 -Receives in-principle approval of RBI to restructure the equity fund
 of the bank.
 
 -IFC brings down its equity share in the bank from 8.6% to 2.72% .
 
 -Bombay high court approves for the scheme of amalgamation filed with
 the court for restructuring and recapitalisation of the bank.
 
 -Introduced 'online railway ticket booking service' for its Kerala
 customers.
 
 -Ties up with the Indian Navy to disburse salary on behalf of the
 naval staff across the country.
 
 -Karnataka High court approves for the merger of Bank Muscat with
 Centurion Bank.
 
 2004
 
 -Centurion Bank inducts Morgan for rights issue
 
 -Mr Shailendra Bhandari appointed as Managing Director
 
 -Centurion Bank Ltd has informed that Mr. Shailendra Bhandari has
 assumed charge as Managing Director of the Bank w.e.f. February 1,
 2004. 
 
 Accordingly, the tenure of Mr.V. Jankiraman as Chairman and Managing
 Director has ended on January 31, 2004 on Mr. Shalendra Bhandari
 assuming charge as Managing Director.
 
 -Kephinance Investment [Mauritius] Pte Limited has informed that they
 have acquired 28,030,000 shares amounting to 4.94% of the total paid
 up capital of Centurion Bank Limited
 
 -Centurion forges alliance with BankMuscat to offer foreign currency
 products
 
 -Centurion Bank has inked a pact with Bajaj Allianz Life Insurance
 Company to distribute the latter's bancassurance products through
 branches in the country as part of plans to grow fee-based income
 
 
 2005
 
 -Centurion Bank forges alliance with Euronet
 
 -Boards of Directors of Centurion Bank and Bank of Punjab Ltd on June
 29, 2005 approves merger of two banks. The combined bank will be
 called Centurion Bank of Punjab
 
 2006
 
 - Centurion Bank of Punjab has tied up with IL&FS Investsmart Ltd
 (IIL) for offering equity broking services to the bank's customers.