Central Bank of India Appoints Shri Chandradeep Kumar Jha as Director
Central Bank of India appointed Shri Chandradeep Kumar Jha as a Director on its Board, effective June 19, 2026. He replaces Shri Baldeo Purushartha and brings extensive experience from the Ministry of Finance and other government departments. He is not related to any current directors.
Changes in board composition can influence strategic decisions and governance, thus having a medium-term impact on the company's direction.
The appointment of a new director is a routine governance event and does not inherently carry a positive or negative financial implication for the bank.
Central Bank of India has announced the appointment of Shri Chandradeep Kumar Jha as a Director on its Board, effective immediately. This change in the composition of the Board of Directors was made by the Central Government in exercise of powers conferred by the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970. Shri Chandradeep Kumar Jha has been nominated in place of Shri Baldeo Purushartha and will serve until further orders.
Shri Chandradeep Kumar Jha, who holds a Master's Degree in Statistics from the University of Delhi, brings over two decades of experience in various key positions within the Government of India. He currently serves as the Statistical Advisor in the Department of Financial Services (DFS), Ministry of Finance. His extensive background includes work in the Ministry of Statistics and Programme Implementation (MoSPI), Ministry of Commerce & Industry (MoCI), and Ministry of Home Affairs (MHA). His expertise spans data analysis, policy formulation, and the implementation of government initiatives. He also holds directorships in India Infrastructure Finance Company Limited (IIFCL) and serves as a Part-time Member of Pension Fund Regulatory and Development Authority (PFRDA), and a member of the Board of Governors of Management Development Institute (MDI), Gurgaon.
The bank confirms that Shri Chandradeep Kumar Jha is not related to any existing Directors or Key Managerial Personnel (KMP) of the Bank and is not debarred from holding the office of Director by any authority. This intimation is submitted in accordance with SEBI regulations.
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