Intimation under Regulation 30 and 51 of the SEBI (LODR) Regulation, 2015 - Change in Senior Management of the Bank
Awaiting price reaction for this filing.
Central Bank of India has elevated three of its General Managers to the rank of Chief General Manager, effective 1st June 2025. The three are Shri E Ratankumar (56, IT/Digital background, currently heading the Cent Neo Project), Shri Mukul N Dandige (59, currently the Bank's CFO, with 30+ years of banking experience), and Smt Poppy Sharma (58, handling Human Capital Management, Board Secretariat, and Investor Relations, with 35+ years in banking). All three are internal promotions with over 30 years of experience each. The disclosure was filed under SEBI LODR Regulations 30 and 51. Notably, the Bank's current CFO Shri Mukul N Dandige is among those promoted, though the document does not clarify whether he continues in the CFO role in his new capacity.
This is a routine internal senior management restructuring with no negative implications. Shareholders should note that the Bank's CFO has been promoted, which could prompt a clarification on who will hold the CFO position going forward. Overall, the move signals continuity and rewards for internal talent at the public sector bank.