Central Bank of India promotes Jai Shankar Prasad to GM
- Central Bank of India promotes Shri Jai Shankar Prasad to General Manager, Customer Care Department
- Appointment effective from September 1, 2026, following an office order dated September 3, 2026
- Shri Prasad brings over 33 years of banking experience, having joined the bank in 1993
- Disclosure made under Regulation 30 and 51 of SEBI (LODR) Regulations, 2015
*this image is generated using AI for illustrative purposes only.
Central Bank of India has promoted Shri Jai Shankar Prasad to the position of General Manager in its Customer Care Department. The appointment is effective from September 1, 2026.
The bank disclosed the change in management on September 4, 2026, pursuant to Regulation 30 and Regulation 51 of the SEBI (LODR) Regulations, 2015. The promotion was formalized via an HCM office order dated September 3, 2026.
Executive Profile
Shri Prasad, aged 57, joined the bank in 1993 and brings more than 33 years of overall banking experience. He holds a Bachelor of Arts degree and is a Certified Associate of the Indian Institute of Banking and Finance (IIBF).
Throughout his career, he has served as Branch Head, Regional Head, and Zonal Head. Prior to this promotion, he held the position of Deputy General Manager in the Customer Care Department.
| Detail | Information |
|---|---|
| Name | Shri Jai Shankar Prasad |
| New Role | General Manager, Customer Care Department |
| Effective Date | September 1, 2026 |
| Experience | More than 33 years |
| Previous Role | Deputy General Manager, Customer Care Department |
The bank confirmed that there are no relationships between directors requiring disclosure under the relevant regulations. The full details are available on the bank's investor relations website.
Historical Stock Returns for Central Bank of India
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.01% | +1.40% | -1.21% | -19.77% | -12.89% | +49.06% |
How might Shri Prasad's extensive experience in branch and zonal leadership influence Central Bank of India's strategy for improving customer retention rates?
What specific digital transformation initiatives in the Customer Care Department could be accelerated under his new General Manager role?
Could this internal promotion signal a broader shift towards promoting long-tenured employees into senior strategic roles within the bank?
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