Mumbai, fondly referred to as ?Bombay? by many, is not only the capital city of the Indian state of Maharashtra but is also the financial and commercial capital of the country. It lies on the Konkan coast, along the western border of India. It is probably the most populous city in India and serves as a home to the wealthiest Indians. Mumbai hosts the highest number of billionaires and millionaires amongst all the prime Indian cities. Being an economic hub, the city promises a plethora of opportunities in terms of employment, and thus it is a much-coveted destination for job-seekers from all over the nation. The Indian film industry, popularly known as ?Bollywood?, operates out of Mumbai. Mumbai also serves as a popular tourist destination as its outskirts provide all travelers with a magnificent combination of serene beaches, exotic hill stations on the Western Ghats. The tropical climate of Mumbai has a harmonious blend of warm, chilly and rainy days. The infamous Mumbai rain floods the city every year but doesn?t dampen the quintessential energetic spirit of the city. This Indian city nurtures the passion of dedicated learners and workers; it is often considered as the city that never sleeps.
The Central Bank of India was found on 21st December 1911. Its head office is in Mumbai. The stocks of the bank are listed on Bombay Stock Exchange and National Stock Exchange in India. In 1938, the Barclays bank acquired the Central Bank Exchange of India. In 1963, Central Bank of Indias operations in Burma was nationalized by the government of Burma, and it became Peoples Bank No. 1. In 1969, the Central Bank was nationalized by the Indian Government on 19 July, together with 13 others.In the year 1980, Central Bank of India was one of the first banks in India to issue credit cards in collaboration with MasterCard. For the year ended 2013, Central Bank of India announces that the total business of Rs. 402000 Cr and the net profit of Rs. 1015 Cr. A new CMD, Mr. Rajiv Rishi was appointed by the Central Bank of India on 1 August 2013, who was previously ED of Indian Bank and General Manager of OBC. On 1 November 2013, the bank opened its second representative office in Hong Kong.