Central Bank of India Appoints Rajesh Ranjan as Shareholder Director
The Board of Directors of Central Bank of India has identified a single valid candidate deemed Fit and Proper for the position of Shareholder Director. Following a review conducted during a board meeting held on July 17, 2026, the bank determined that Shri Rajesh Ranjan is the sole eligible candidate from among the bank's shareholders, excluding the Central Government, in accordance with the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970.Shri Rajesh Ranjan will assume office as a Shareholder Director for a three-year tenure starting August 1, 2026, and ending July 31, 2029. Due to this determination, the election of one Shareholder Director will not be conducted during the bank's 19th Annual General Meeting scheduled for July 31, 2026.
The bank confirmed that Shri Rajesh Ranjan holds no relationships with the current Directors of the Bank.
| Candidate Details | Profile Summary |
|---|---|
| Name | Shri Rajesh Ranjan |
| Age | 65 Years |
| Qualifications | M.A. (English Literature) |
| Professional Experience | Retired IPS officer with 36 years of experience in Law, Human Resources, Fraud Risk Management, Corporate Governance, Vigilance Administration, Compliance, and ALM/TF. |
| Past Experience | Served as Director of IFFCO-TOKIO General Insurance Company Ltd and Chief Vigilance Officer of Gail India Ltd. Currently serves as Independent Director on the Board of DME Development Limited. |
CENTRALBK Stock Price Movement
Shares of Central Bank of India today slipped by 2.79% to settle at ₹31.66. The stock traded with a volume of 33.12 million shares as the price retraced from its intraday high.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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