New Delhi: The Central Government has appointed senior Indian Statistical Service (ISS) officer Chandradeep Kumar Jha as a Government Nominee Director on the Board of Central Bank of India.
According to a Ministry of Finance notification dated June 19, 2026, the appointment takes effect immediately. Jha replaces Baldeo Purushartha on the bank’s board and will oversee government interests while contributing to the bank’s strategic and policy direction.
The appointment has been made under the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970.
Strong Administrative and Financial Policy Background
Chandradeep Kumar Jha belongs to the 2000 batch of the Indian Statistical Service and currently serves as Statistical Advisor in the Department of Financial Services (DFS), Ministry of Finance.
He holds a Master’s degree in Statistics from the University of Delhi and has over 24 years of experience in governance, policy formulation, and data-driven administration.
During his career, he has worked across several key ministries, including:
- Ministry of Statistics and Programme Implementation (MoSPI)
- Ministry of Commerce & Industry (MoCI)
- Ministry of Home Affairs (MHA)
His experience spans statistical reform, economic policy support, infrastructure monitoring, and administrative coordination.
Experience in Key National Financial Institutions
Apart from his new role at Central Bank of India, Jha holds multiple important positions in India’s financial governance ecosystem.
He currently serves as:
- Government Nominee Director at India Infrastructure Finance Company Limited (IIFCL)
- Part-time Member of the Pension Fund Regulatory and Development Authority (PFRDA)
- Member of the Board of Governors at Management Development Institute (MDI), Gurgaon
These roles highlight his strong involvement in infrastructure finance, pension regulation, and executive education governance.
Regulatory Compliance and Independence Confirmed
The bank has confirmed that Central Bank of India has no personal or professional relationship between Jha and any existing directors or key managerial personnel.
It has also been verified that:
- He is not debarred by SEBI or any regulatory authority
- The appointment complies with SEBI Listing Obligations and Disclosure Requirements (Regulation 30 & 51)
- The disclosure was officially filed with NSE and BSE on June 20, 2026
The intimation was submitted by the bank’s Company Secretary and Compliance Officer, Chandrakant Bhagwat.
Strategic Importance of the Appointment
The inclusion of a senior ISS officer with expertise in statistics, policy, and financial systems is expected to strengthen governance oversight at the board level of Central Bank of India.
His background in data analytics and inter-ministerial coordination is seen as valuable for improving decision-making, financial planning, and institutional efficiency.
About Central Bank of India
Central Bank of India is one of India’s oldest public sector banks, operating under government ownership. It provides a wide range of banking and financial services, including retail banking, corporate lending, and rural banking services across the country. The bank plays a key role in supporting financial inclusion and credit delivery to priority sectors of the Indian economy.
