Central Bank of India is a public sector bank based in Mumbai, India. It was established on December 21, 1911, by Sir Sorabji Pochkhanawala with Sir Pherozeshah Mehta as Chairman, and was the first Indian commercial bank wholly owned and managed by Indians. Despite its name, it is not the central bank of India; the Reserve Bank of India is the central bank of India. Central Bank of India offers a wide range of retail and corporate banking, and other related financial solutions. Some of the services offered by the bank include credit cards, robotic banking, and pension schemes.