|Central Bank of India was established in 1911, the first Indian commercial bank wholly owned and managed by Indians. Bank was founded by Sir Sorabji Pochkhanawala, and Sir Pherozesha Mehta was the first Chairman. The bank pioneered in various services related to Home Savings Safe Deposit Scheme to build saving/thrift habits in all sections of the society, An Exclusive Ladies Department to cater to the Bank's women clientele, etc. Bank has introduced many services related to Central card, the credit card of the Bank, 'Platinum Jubilee Money Back Deposit Scheme', Quick Cheque Collection Service (QCC) & Merchant Banking Cell. Bank has been actively participating in promotion of key thrust areas of agriculture, small scale industries.