Central Bank of India promotes Partha Sarathi K Naidu as General Manager-Strategy

Central Bank of India central bank of india has promoted Partha Sarathi K Naidu to the position of General Manager-Strategy, effective August 1, 2026. The promotion elevates a senior executive with 34 years of industry experience, strengthening the bank’s strategic leadership team. This internal appointment ensures continuity in the bank’s strategic planning functions while leveraging Naidu’s extensive operational background across key regional markets.

The intimation was filed with the National Stock Exchange of India Limited and BSE Limited on August 1, 2026, pursuant to Regulation 30 and Regulation 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was signed by Chandrakant C Bhagwat, Company Secretary & Compliance Officer of the bank.

Appointment Details

Partha Sarathi K Naidu succeeds his previous role as Deputy General Manager of the Strategy Department at the Central Office in Mumbai. His new designation as General Manager-Strategy reflects an elevation within the bank’s senior management hierarchy. The effective date of the change is August 1, 2026.

Detail	Information
Name	Partha Sarathi K Naidu
New Designation	General Manager-Strategy
Previous Designation	Deputy General Manager, Strategy Department
Effective Date	August 1, 2026
Reason for Change	Promotion

Professional Profile

Naidu is 58 years old and joined Central Bank of India in 1991. He holds a Bachelor of Commerce degree and is a Certified Associate of the Indian Institute of Banking and Finance (IIBF). Over his 34-year career in the banking industry, he has held significant leadership roles, including serving as the Regional Head for both the Rajkot and Bangalore regions. His prior experience in these diverse geographical markets provides him with broad operational insights relevant to his new strategic role.

The bank stated that there are no relationships between Naidu and the directors that require disclosure under the applicable regulations. The information regarding this management change is also available on the bank’s investor relations website.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.16%	+0.06%	-4.80%	-17.26%	-15.59%	+27.45%

Shareholders of central bank of india approved a special resolution to raise equity capital up to ₹7,000 crore at its 19th Annual General Meeting (AGM) held on July 31, 2026. The resolution, which permits the bank to raise funds through Qualified Institutional Placement (QIP), Follow-on Public Offer (FPO), or rights issues, secured 99.26% assent from voting shareholders. This approval provides the board with the flexibility to execute capital raising measures necessary for balance sheet strengthening or growth initiatives in the coming fiscal periods.

The AGM was conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM) with a deemed venue at Chandermukhi, Nariman Point, Mumbai. S. N. Ananthasubramanian & Co., led by Managing Partner S. N. Viswanathan, served as the scrutinizer for the remote e-voting process. Voting rights were reckoned as of July 24, 2026, with remote e-voting open from July 27 to July 30, 2026. MUFG Intime India Private Limited acted as the e-voting agency.

In addition to the capital raise, shareholders passed seven ordinary resolutions. Key outcomes included the adoption of the audited standalone and consolidated financial statements for the financial year ended March 31, 2026, and the confirmation of four interim dividends aggregating to ₹1.20 (12%) per equity share of face value ₹10 each for FY25-26. This dividend payment received 99.68% support from shareholders.

The meeting also addressed significant changes to the Board of Directors. Shareholders approved the appointment of Kalyan Kumar as Managing Director and Chief Executive Officer (MD & CEO) effective September 30, 2025, for a three-year term. Additionally, E. Ratan Kumar was appointed as an Executive Director effective November 24, 2025, also for a three-year term. The term of Executive Director M V Murali Krishna was extended beyond his existing notified term ending November 30, 2025, until his superannuation date of July 31, 2027, or until further orders.

Government nominee director appointments were also ratified. Baldeo Purushartha was appointed as a Non-Executive Government Nominee Director effective July 24, 2025, until June 19, 2026. Chandradeep Kumar Jha was appointed as a Non-Executive Government Nominee Director effective June 19, 2026, until further orders. Both resolutions received overwhelming support, with dissent votes below 1.12%.

AGM Resolution Outcomes

Agenda Item	Resolution Type	Key Detail	Assent %
1	Ordinary	Adoption of FY25-26 Financial Statements	99.61%
2	Ordinary	Confirmation of ₹1.20 per share interim dividend	99.68%
3	Ordinary	Appointment of Baldeo Purushartha as Govt. Nominee Director	99.99%
4	Ordinary	Extension of M V Murali Krishna’s term as Executive Director	98.90%
5	Ordinary	Appointment of Kalyan Kumar as MD & CEO	99.55%
6	Ordinary	Appointment of E. Ratan Kumar as Executive Director	98.99%
7	Ordinary	Appointment of Chandradeep Kumar Jha as Govt. Nominee Director	98.88%
8	Special	Approval to raise equity capital up to ₹7,000 crore	99.26%

What the Numbers Show

The near-unanimous support for the ₹7,000 crore equity raise (99.26%) signals strong shareholder confidence in the bank’s capital deployment strategy. With no single shareholder other than the Central Government holding more than 10% of voting rights, the broad base of support suggests alignment between retail/institutional investors and management on the need for capital adequacy or expansion. The high assent rates across all board appointments further indicate stability in governance expectations.