What is the full form of CBI?
The full form of CBI is the Central Bank of India.
Note: CBI also stands for Central Bureau of Investigation. However, in this article, we are focussing on the Central Bank of India.
The CBI is owned by the Indian government and is one of India’s largest and oldest financial institutions. It is located in Mumbai, the Indian financial capital and the state capital of Maharashtra.
It is one of 12 banks in the public sector in India that will be recapitalized in 2009. Despite appearances, it is not India’s central financial institution. It’s a bank for the public. According to its pan-India role, the Central Bank of India is retained as a separate agency in a merger proposal of the NDA government.
Important information about the Central Bank of India
- The Central Bank of India was established in 1911 and was the first Indian commercial bank completely owned and managed by Indians.
- The RBI has contacted the Central Bank of India for the right to access branch offices in five additional regions, Dubai, Singapore, London & Doha.
- The CBI Bank has a network of 4,608 divisions, 3,644 ATMs, ten satellite offices and one extension counter as of 31st March 2020.
- Out of all districts in the country, it has a pan-India presence comprising all twenty-eight states, 7 out of 8 union territories and five seventy-four district headquarters.
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