:::::SRI S.B. RODE, OUR BELOVED PRESIDENT, AICBOF AND OFFICER DIRECTOR ON THE BOARD OF CENTRAL BANK OF INDIA HAS BEEN COOPTED AS GENERAL SECRETARY, AICBOF IN E.C. MTG. HELD AT MUMBAI ON 24.02.2014:::::MR. S.C. GUPTA, GEN. SECRETARY OF OUR AHMEDABAD UNIT HAS BEEN COOPTED AS PRESIDENT, AICBOF::::::WE CONGRATULATE THEM AND WISH THAT THE OFFICERS' MOVEMENT IN CENTRAL BANK OF INDIA WILL BE TAKEN TO NEW HEIGHTS:::::LONG LIVE CBOA:::::LONG LIVE AICBOF::::::LONG LIVE AIBOC:::::

AUTHORISED CAPITAL OF PSBs DOUBLED TO RS.3000 CRORE

The government has decided to double the limits of authorized capital in public sector banks from Rs.1500 crores to Rs.3000 crores to help some lenders such as Punjab National Bank, Canara Bank and Allahabad Bank, which were unable to raise capital.
The decision would enable the banks, which have low capital adequacy ratio, to raise more capital.
Source: http://economictimes.indiatimes.com/news/news-by-industry/banking/finance/finance/Authorised-capital-of-PSBs-doubled-to-Rs-3000-crore/articleshow/5265695.cms

Posted by C.B.O.A., A.P.

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