Mumbai, India | Public sector lender Central Bank of India has announced a change in its Board of Directors following the completion of the tenure of Priavrat Sharma.
According to a regulatory filing submitted to the National Stock Exchange of India Limited and the BSE Limited, Priavrat Sharma ceased to be Director of the bank with effect from the close of business hours on May 7, 2026.
The disclosure was made in compliance with Regulations 30 and 51 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015.
Routine Board Transition
The bank described the development as a routine governance transition arising from the completion of the director’s fixed term on the Board. Such disclosures are mandatory for listed companies and financial institutions in order to maintain transparency in corporate governance and ensure timely communication with investors and stakeholders.
The regulatory filing was formally submitted by the bank’s Company Secretary and Compliance Officer, who requested the stock exchanges to take the information on record in accordance with applicable listing norms.
Focus on Governance and Transparency
Central Bank of India also confirmed that details regarding the Board-level change would be made available on the bank’s investor relations platform to ensure accessibility for shareholders, analysts, and market participants.
Corporate governance experts note that timely disclosure of board appointments, resignations, and cessations plays a crucial role in maintaining investor confidence and strengthening transparency standards among publicly listed companies.
About Central Bank of India
Founded in 1911, Central Bank of India is one of India’s oldest and largest public sector banks, with a nationwide presence across retail banking, corporate banking, agricultural finance, digital banking, and financial inclusion initiatives.
The bank continues to focus on operational modernization, digital transformation, asset quality improvement, and expansion of customer-centric banking services as part of its long-term growth strategy.
The latest board transition comes as India’s banking sector continues to emphasize stronger governance frameworks, regulatory compliance, and institutional accountability amid evolving financial and economic conditions.
