:::::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:::::

A LONG WAIT FOR INDIAN BANKS ABROAD

As per the report appearing in The Hindu Business Line, US based banks got authorisation to open about 20 branches in our country during the last six years whereas only one Indian Bank - Andhra Bank - has been allowed to open a representative office in New Jersey, US. During July 2008- June 2009, 12 branches of foreign banks were opened in India.
As per WTO rules, India agreed to authorise 12 licences for foreign banks every year.
Source: http://www.thehindubusinessline.com/2009/11/19/stories/2009111951070600.htm

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

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