Central Bank of India disclosed the outcome of the fit and proper assessment for the election of one Shareholder Director as required under section 9(3)(i) of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970.
Election Outcome
The Board of Directors, in its meeting held on July 17, 2026, found only one valid candidate to be 'Fit and Proper' for the position of Shareholder Director from amongst the Bank's shareholders (excluding the Central Government).
Candidate Details
- Name: Shri Rajesh Ranjan
- Age: 65 years
- Address: A123 (4th Floor), Neeti Bagh, Delhi 110049
- Qualification: M.A. (English Literature)
- Background: Retired IPS officer with 36 years of experience in Law, Human Resources, Fraud Risk Management, Corporate Governance, Vigilance Administration, Compliance, and ALM/TF
- Current Role: Independent Director on Board of DME Development Limited
- Previous Roles: Director of IFFCO-TOKIO General Insurance Company Ltd and Chief Vigilance Officer of Gail India Ltd
- Relationship: No relationship with Directors of the Bank
Regulatory Basis and Effective Dates
As per Regulation 66 of Central Bank of India (Shares & Meetings) Regulation, 1998, Shri Rajesh Ranjan being the only valid candidate is deemed to be elected as Shareholder Director of the Bank. His term will be effective from August 1, 2026 to July 31, 2029.
AGM Impact
Agenda item no. 9 (Election of One Shareholder Director) will not be conducted during the 19th Annual General Meeting scheduled on July 31, 2026 due to this deemed election process.
Disclosure Authority
The disclosure was signed by Chandrakant Bhagwat, Company Secretary & Compliance Officer of Central Bank of India, from the Central Office at Chander Mukhi, Nariman Point, Mumbai - 400 021.