Central Bank of India Appoints New Chief Financial Officer, Schedules AGM
The Board of Directors of Central Bank of India (CBI), in its meeting held on June 3, 2026, announced several key decisions regarding the bank's leadership and shareholder engagements. The outcomes include the appointment of a new Chief Financial Officer (CFO) and setting crucial dates for an upcoming Shareholder Director election and the annual general meeting.Key Leadership Appointments and Decisions
The Bank approved the appointment of Shri Vivek Kumar as the Chief Financial Officer (CFO), effective from June 3, 2026. This decision marks a key change in the bank’s finance leadership.Shri Vivek Kumar, who holds a Bachelor's degree in Science & Education and a Master of Management Studies (Finance), has been appointed for a period of three years. He is certified by the Institute of Banking and Finance (IIBF) and brings extensive experience to the role.
As detailed in the bank’s records, Shri Kumar has over 27 years of experience within the banking industry and three years in the Financial Services sector prior to joining CBI. His professional background includes serving as a Branch Head, Regional Head, Zonal head, and the vertical head of Retail Asset Department. He previously served as Chairman of a Regional Rural Bank.
A summary of his profile is provided below:
| Name | Role | Effective Date | Experience Summary |
|---|---|---|---|
| Shri Vivek Kumar | Chief Financial Officer | June 3, 2026 | Over 27 years in Banking; Holds degrees including MMS (Finance) and is certified by IIBF. |
Shareholder Election and AGM Details
The Board meeting also addressed the conduct of an election for one Shareholder Director. This director will be elected by the Shareholders of the Bank, excluding the Central Government. To ensure all eligible shareholders can participate in this process, CBI has set June 12, 2026, as the specified cut-off date for ascertaining eligible participants to nominate, contest, and vote.Furthermore, the bank confirmed that its 19th Annual General Meeting (AGM) of Shareholders will be held on July 17, 2026. The meeting is scheduled to be conducted through Video Conferencing/Other Abridged Mode (VC/OAVM).
CENTRALBK Stock Price Movement
Shares of Central Bank of India today edged higher, closing at ₹30.29 after gaining 2.09% in post-market trading. The bank stock saw active interest, with a total traded volume reaching 14.06 million shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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