Our Objectives are
- Review the Banking developments in the State with special reference to Annual Credit Plans, Government Sponsored Programmes, Flow of credit to Priority Sector, Branch Expansion, Credit Deposit ratio, etc.
- Ensuring hassle free financial services and implementation of financial inclusion programmes of the Government.
- To do the necessary spade work for formulation of Annual Credit Plan (ACP)
- Taking corrective measures in case of natural calamities
- Consider such issues as have been raised by the Member Banks or by the State Government authorities and questions or Inter Bank differences of views and approaches remaining unresolved at the District Consultative Committees (DCCs).
- Review of credit flow to small borrowers in the neglected sectors, pending loan applications and assistance under various Govt. sponsored programmes.
- Review of functioning of DCC
- Liaison with State Government and any other State specific issues, with the permission of the Chair
Quarterly (Special SLBC meeting may also be convened in case of urgency)
In Madhya Pradesh Central Bank of India is the SLBC Convenor Bank.
The meetings are Co-chaired by CMD/ED of the Central Bank of India & the Chief Secretary of the State.
About Central Bank of India
Central Bank of India, a leading government-owned bank, is one of the oldest and largest commercial banks in India. Established in 1911, Central Bank of India was the first Indian commercial bank which was wholly owned and managed by Indians. The establishment of the Bank was the ultimate realisation of the dream of Sir SorabjiPochkhanawala, founder of the Bank. Sir Pherozesha Mehta was the first Chairman of a truly 'Swadeshi Bank'. In fact, such was the extent of pride felt by Sir SorabjiPochkhanawala that he proclaimed Central Bank of India as the 'property of the nation and the country's asset'. He also added that 'Central Bank of India lives on people's faith and regards itself as the people's own bank'.
During the past 105 years of history the Bank has weathered many storms and faced many challenges. The Bank could successfully transform every threat into business opportunity and excelled over its peers in the Banking industry.
A number of innovative and unique banking activities have been launched by Central Bank of India and a brief mention of some of its pioneering services are as under:
||Introduction to the Home Savings Safe Deposit Scheme to inculcate saving/thrift habits in all sections of the society.
||Safe Deposit Locker facility and Rupee Travellers'Cheques.
||Deposit Insurance Benefit Scheme.
||Recurring Deposit Scheme.
Subsequently, even after the nationalisation of the Bank in the year 1969, Central Bank continued to introduce a number of innovative banking services as under:
||The Merchant Banking Cell was established.
||Centralcard, the credit card of the Bank was introduced.
||'Platinum Jubilee Money Back Deposit Scheme' was launched.
||The housing subsidiary Cent Bank Home Finance Ltd. was started with its headquarters at Bhopal in Madhya Pradesh.
||Quick Cheque Collection Service (QCC) & Express Service was set up to enable speedy collection of outstation cheques.
Further in line with the guidelines from Reserve Bank of India as also the Government of India, Central Bank has been playing an increasingly active role in promoting the key thrust areas of agriculture, small scale industries as also medium and large industries. The Bank also introduced a number of Self Employment Schemes to promote employment among the educated youth.
Among the Public Sector Banks, Central Bank of India can be truly described as an All India Bank, due to distribution of its large network in all 29 States as also in 6 out of 7 Union Territories in India. Central Bank of India holds a very prominent place among the Public Sector Banks on account of its network of Branches.
For more details, log on to www.centralbankofindia.co.in