Central Bank of India CGM Vasti Venkatesh retires on June 30, 2026

0 min read     Updated on 01 Jul 2026, 05:12 AM
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Central Bank of India announced the retirement of Shri Vasti Venkatesh, Chief General Manager of Treasury and International Banking Division, effective June 30, 2026, due to superannuation.

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Central Bank of India announced that Shri Vasti Venkatesh has ceased to be a Senior Management Personnel of the bank following his superannuation. The retirement became effective after the closure of business hours on June 30, 2026. Venkatesh served as the Chief General Manager of the Treasury and International Banking Division.

The bank disclosed this development to the stock exchanges in compliance with Regulation 30 and 51 of the SEBI (LODR) Regulations, 2015. The filing was submitted by Chandrakant C Bhagwat, the Company Secretary & Compliance Officer of Central Bank of India.

Management Change Details

The following table summarizes the recent management change:

Officer Name Position Reason for Exit Effective Date
Shri Vasti Venkatesh Chief General Manager – Treasury and International Banking Division Superannuation June 30, 2026

Historical Stock Returns for Central Bank of India

1 Day5 Days1 Month6 Months1 Year5 Years
-0.40%+0.12%+7.39%-13.43%-19.59%+16.67%

Who will be appointed to succeed Shri Vasti Venkatesh as Chief General Manager of the Treasury and International Banking Division?

How will the bank's treasury strategy evolve under new leadership given the current interest rate environment?

What impact will this leadership transition have on the bank's international banking expansion plans?

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Central Bank of India inaugurates IFSC Banking Unit at GIFT City

1 min read     Updated on 30 Jun 2026, 01:51 AM
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Central Bank of India has inaugurated its IFSC Banking Unit at GIFT City, Gujarat, on June 29, 2026, to cater to the foreign currency funding requirements of corporate clients. The unit will offer services such as foreign currency loans, trade finance, and treasury products. The inauguration was led by MD & CEO Kalyan Kumar and disclosed to exchanges under Regulation 30 of SEBI LODR Regulations, 2015.

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Central Bank of India has inaugurated its International Financial Services Centre (IFSC) Banking Unit at Gujarat International Finance Tec-City (GIFT City), Gujarat, on June 29, 2026. The new unit aims to address the foreign currency funding requirements of corporate clients by offering a comprehensive suite of financial products and services. This strategic expansion allows the bank to provide enhanced banking solutions, including trade finance and risk management products.

Services and Offerings

The IFSC Banking Unit will enable Central Bank of India to diversify its service offerings specifically for the international financial services sector. The facility is designed to cater to the evolving needs of customers by providing:

  • Foreign currency loans
  • Trade finance solutions
  • Treasury and risk management products
  • Other enhanced banking solutions

Leadership and Oversight

The inauguration ceremony was led by the bank's Managing Director & Chief Executive Officer, Kalyan Kumar. The event saw the presence of other senior executives, underscoring the institution's commitment to expanding its global footprint and operational capabilities within the IFSC framework.

Regulatory Filing

The disclosure was submitted to the National Stock Exchange of India Limited and BSE Limited in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was authenticated by Company Secretary & Compliance Officer Chandrakant C Bhagwat on behalf of Central Bank of India.

Historical Stock Returns for Central Bank of India

1 Day5 Days1 Month6 Months1 Year5 Years
-0.40%+0.12%+7.39%-13.43%-19.59%+16.67%

How will the new IFSC unit impact Central Bank of India's revenue from foreign currency operations in the next fiscal year?

What competitive advantages does GIFT City offer over other international financial hubs for attracting corporate clients?

Will the bank expand its IFSC offerings to include retail banking services for non-resident Indians in the future?

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