We're looking to hire 1,700 bankers this year: Central Bank of India MD

Rao says he doesn't foresee much flight of CASA money into term deposits as deposit rates are hiked

Central Bank of India, which recently exited the Prompt Corrective Action (PCA) regime, will shape the branch network based on viability, its Managing Director and Chief Executive Officer M V Rao tells Abhijit Lele. He says the bank is aware of the limitations of discovering the true value of its listed shares as there is very little floating stock in the market. Edited excerpts:     

What does exiting the PCA framework mean for the bank?

The PCA framework helped the bank grow in a more orderly and controlled way. The limitations imposed under the PCA made the bank compliant