page_title: Central Bank of India
section_title: Post-World War II
hierarchical_section_title: Central Bank of India / History / Post-World War II
caption_attribution_description: English: Shankar Sheth Road Branch, Pune
context_page_description: Central Bank of India, a government-owned bank, is one of the oldest and largest commercial banks in India. It is based in Mumbai which is the financial capital of India and capital city of state of Maharashtra.
  It is one of twelve public sector banks in India to get recapitalised in 2009.Despite its name it is not the central bank of India. It is a public bank. In a merging initiative of the NDA government, Central Bank of India is kept as a separate entity owing to its pan-India presence.
  Central Bank of India has approached the Reserve Bank of India for permission to open representative offices in five more locations – Singapore, Dubai, Doha and London.
  As on 31st March 2020, the bank has a network of 4,651 branches, 3,642 ATMs, ten satellite offices and one extension counter. It has a pan-India presence covering all 28 states, Seven out of eight union territories and 574 district headquarters out of all districts in the country.
context_section_description: In 1963, the revolutionary government in Burma nationalized Central Bank of India's operations there, which became People's Bank No. 1.
  In 1969, the Indian Government nationalized the bank on 19 July, together with 13 others.
  
    
  In the 1980s the managers of the London branches of Central Bank of India, Punjab National Bank, and Union Bank of India were caught up in a fraud in which they made dubious loans to the Bangladeshi jute trader Rajender Singh Sethia. The regulatory authorities in England and India forced all three Indian banks to close their London branches.
  Central Bank of India was one of the first banks in India to issue credit cards in the year 1980 in collaboration with Mastercard.
  On its 108th Foundation day Central Bank of India launched its first step towards robotic banking, a robot named "MEDHA".
caption: Nameboard of Central Bank of India, Shankar Sheth Road Branch, Pune
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