Central Bank of India management change: The public sector bank has promoted Jai Shankar Prasad as General Manager of its Customer Care Department, effective September 1, 2026, according to a BSE filing dated September 4.

The bank informed the stock exchanges about the change under Regulations 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The promotion was communicated through a Human Capital Management office order released on September 3, 2026.

Central Bank of India shares are listed on the BSE under scrip code 532885 and on the National Stock Exchange under the symbol CENTRALBK.

More than 33 years of banking experience

Prasad, 57, joined Central Bank of India in 1993 and has more than 33 years of overall banking experience. During his career with the lender, he has worked in several field and administrative leadership roles.

  • He has served as a branch head.
  • He has worked as a regional head and a zonal head.
  • Before this promotion, he was Deputy General Manager in the bank's Customer Care Department.

His elevation therefore places him in charge of the same department in which he previously served as Deputy General Manager. The filing identified the department by the abbreviation CCD.

Educational and professional credentials

According to the profile submitted with the exchange disclosure, Prasad holds a Bachelor of Arts degree. He is also a Certified Associate of the Indian Institute of Banking and Finance.

The annexure accompanying the filing listed the reason for the management change as his promotion to General Manager, CCD. It also stated that disclosure of any relationship between directors was not applicable in this case.

The filing was signed by Chandrakant Bhagwat, Company Secretary and Compliance Officer of Central Bank of India. The bank said the information would also be made available through the investor-relations section of its website.

Source: BSE corporate announcement.