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Established in 1911, Central Bank of India was the first Indian commercial bank, wholly-owned and managed by Indians. The establishment of the Bank was the ultimate realization of the dream of Sir Sorabji Pochkhanawala, founder of the Bank. Sir Pherozesha Mehta was the first Chairman of a truly 'Swadeshi Bank'.

Central Bank of India is a pioneer in launching a number of innovative and unique banking activities. Among the Public Sector Banks, Central Bank of India can be described as a truly All India Bank, due to the distribution of its large network of branches throughout the length and breadth of the country. Central Bank of India holds a very prominent place among the Public Sector Banks on account of its network of more than 4700 Branches at various centers.