Central Bank of India

Central Bank of India operates as a commercial bank in India. The company offers deposit products which include savings and current accounts time deposits fixed deposits and recurring deposit schemes as well as small saving scheme; and loans including housing vehicle property personal senior citizens education and agricultural as well as micro small and medium enterprises loans. It also provides credit debit and prepaid/gift cards as well as cash management mutual funds depository mobile and Internet banking and ATM services. In addition the company offers corporate loans such as project finance infrastructure funding financing to infrastructure investment trusts short term corporate loans advances working capital facilities line of credit export finance foreign currency loan bills purchase/discount/negotiation facilities non-fund based facilities and facilities to other industries. Further the company sells and distributes 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. It operates through a network of branches ATMs satellite offices and an extension counter. Central Bank of India has a strategic co lending partnership with IIFL Home Finance Limited to offer SME LAP loan products under priority sector to MSME borrowers. Central Bank of India was incorporated in 1911 and is headquartered in Mumbai India.