Central Bank of India has announced a key leadership change with the appointment of Shri Raj Kokil Singh as Chief Risk Officer, effective April 20, 2026. The appointment was communicated to stock exchanges in compliance with SEBI (LODR) Regulations 30 and 51.

Leadership Transition Details

The bank has appointed Singh for a fixed tenure of 3 years as part of a portfolio restructuring. This change sees Dr. G. Bhaskar, General Manager, who previously held the Chief Risk Officer position, being allocated the Treasury portfolio.

Professional Background

Shri Raj Kokil Singh, aged 44 years, joined Central Bank of India in 2012 and brings extensive banking experience to his new role. His educational qualifications include a Bachelor's degree in Science and a Master's in Business Administration.

Key Qualifications and Experience

• Total Experience: 19 years in banking industry
• Certifications:
  • Certified Associate of Indian Institute of Banking and Finance (IIBF)
  • Financial Risk Manager (FRM) from GARP
  • Sustainability & Climate Risk (SCR) certified from GARP
• Previous Organizations: Union Bank of India and Syndicate Bank
• Expertise Areas: Risk Management, Credit, Treasury Mid office, ALM and General Banking
• Leadership Role: Previously served as Deputy Zonal Head, Kolkata Zone

Regulatory Compliance

The appointment has been formally communicated to both National Stock Exchange of India Limited and BSE Limited as required under SEBI regulations. The bank has also made this information available on its official website for investor access. The formal communication was signed by Chandrakant Bhagwat, Company Secretary & Compliance Officer.

This leadership change reflects the bank's ongoing efforts to strengthen its risk management capabilities with experienced professionals who possess relevant certifications and deep industry expertise.

Central Bank of India has announced a change in its board composition with the departure of Director Shri Pradip P. Khimani. The bank informed stock exchanges about this management transition in accordance with regulatory requirements under SEBI (LODR) Regulations, 2015.

Director Cessation Details

The bank's official communication, dated April 10, 2026, confirmed that Shri Pradip P. Khimani ceased to be a Director of the bank effective from the close of business hours on April 10, 2026. The cessation occurred due to the completion of his tenure as a board member.

Regulatory Compliance

The intimation was made pursuant to Regulation 30 and 51 of the SEBI (LODR) Regulations, 2015, which mandate listed companies to inform stock exchanges about changes in management. The bank sent formal notifications to both major stock exchanges where its shares are listed.

Official Communication

Company Secretary & Compliance Officer Chandrakant Bhagwat signed the official intimation letter on behalf of Central Bank of India. The bank has also made this information available on its official website under the investor relations section. The communication referenced an earlier letter numbered CO:IRD:2025:26:17 dated April 11, 2025, indicating prior correspondence related to this matter.

This management change represents a routine transition following the natural completion of a director's tenure, maintaining the bank's commitment to proper corporate governance and regulatory compliance.