Central Bank of India , one of India's leading public sector banks, has announced a significant change in its Board of Directors. Shri Baldeo Purushartha, a seasoned Indian Administrative Service (IAS) officer, has been appointed as the new Government Nominee Director, effective July 24, 2025. This appointment comes as a replacement for Shri Hardik Mukesh Sheth.

Appointment Details

The appointment of Shri Purushartha was made by the Central Government under the powers conferred by clause (b) of sub-section (3) of section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970. His tenure as Government Nominee Director will continue until further orders from the government.

About Shri Baldeo Purushartha

Shri Baldeo Purushartha brings a wealth of experience to his new role at Central Bank of India:

• Joined the Indian Administrative Service in 2002
• Currently serves as Joint Secretary in the Department of Economic Affairs, Ministry of Finance, Government of India
• Previously held positions include:
  • Secretary at Lokpal
  • Divisional Commissioner in Jalandhar, Punjab
  • Various roles in the Government of Punjab and Government of India

Extensive Board Experience

Shri Purushartha's appointment adds significant value to Central Bank of India's board, given his extensive experience serving on the boards of several prominent organizations:

• India Infrastructure Finance Company Ltd. (IIFCL)
• Indian Railway Station Development Corporation Ltd. (IRSDCL)
• Indian Railway Finance Corporation Limited (IRFCL)
• National Investment and Infrastructure Fund Trustee Limited (NIIFTL)
• National Land Monetization Corporation Limited (NLMCL)

Additionally, he represents the Government of India as:

• Director in the Executive Board of International Fund for Agricultural Development
• Alternate Director in the Board of New Development Bank
• Alternate Director in the Board of Asian Infrastructure Investment Bank

Educational Background

Shri Purushartha holds a Post Graduate degree in History from the University of Delhi, adding to his diverse skill set and knowledge base.

Regulatory Compliance

Central Bank of India has confirmed that Shri Baldeo Purushartha is not debarred from holding the office of Director by any orders of the Securities and Exchange Board of India (SEBI) or any other authority. Furthermore, he is not related to any existing Directors or Key Managerial Personnel of the bank, ensuring independence in his role.

This appointment marks a significant addition to Central Bank of India's leadership, potentially bringing fresh perspectives and extensive public sector experience to the bank's strategic decision-making process.

Central Bank of India (CBI) has made a significant announcement regarding its upcoming interim dividend payment. The bank has taken steps to inform its shareholders about the record date for the dividend and important tax deduction details.

Widespread Communication

In a move to ensure widespread dissemination of this crucial information, CBI has published advertisements across multiple publications. These include:

• Business Standard (English edition)
• Navbharat (Hindi edition)
• A Marathi newspaper in Mumbai

The advertisements were published on July 23rd, 2025, demonstrating the bank's commitment to keeping its shareholders well-informed.

Regulatory Compliance

This communication is in line with the regulations set by the Securities and Exchange Board of India (SEBI). By adhering to SEBI's Listing Obligations and Disclosure Requirements (LODR), CBI is maintaining transparency and ensuring that all shareholders have equal access to this important information.

Official Confirmation

The announcement has been officially signed by Mr. Chandrakant Bhagwat, who serves as the Company Secretary & Compliance Officer of Central Bank of India. This adds an additional layer of authenticity to the communication.

LODR Filing Details

In addition to the newspaper advertisements, CBI has also filed the required documentation with the stock exchanges. The LODR filing, dated July 23rd, 2025, provides further details:

• The bank has complied with Regulation 47 & 52 of the SEBI (LODR) Regulations, 2015.
• The advertisements were published in Business Standard (English, all editions), Navbharat (Hindi, all editions), and a Marathi newspaper in Mumbai.
• The filing was submitted to both the National Stock Exchange of India Limited and BSE Limited.

Next Steps for Shareholders

Shareholders of Central Bank of India should pay close attention to these advertisements for specific details regarding:

1. The record date for the interim dividend payment
2. Important information about Tax Deducted at Source (TDS) on the dividend

This proactive approach by CBI ensures that shareholders are well-prepared for the upcoming dividend distribution and can take any necessary actions related to their tax obligations.

As the bank continues to prioritize shareholder communication, investors are advised to stay tuned for any further updates or announcements from Central Bank of India regarding this interim dividend payment.