:::::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:::::

ICICI SET TO TURN LOCAL BANK IN SINGAPORE TOO

ICICI Bank, India's second largest bank, has been given an in-principle clearance by Singapore as a Qualified Full Bank (QFB) in the country, which will allow the bank to open 15 branches and ATM Centers. SBI has already been recognised as a QFB in Singapore.
This is ICICI Bank's third banking licence in a foreign country, the two being UK and Canada.The operations in Singapore are expected to commence in a few months after the bank completes the formalities prescribed by the Monetary Authority of Singapore (MAS).
The comprehensive economic cooperation agreement (CESA) between India and Singapore, implemented in August 2005, provides for QFB status for three banks from these countries in the other country. As of now, Singapore has recognised only SBI as a QFB. India has already bestowed the status two Singaporean Banks - Development Bank of Singapore and the United Overseas Bank.
Source: http://economictimes.indiatimes.com/news/news-by-industry/banking/finance/banking/ICICI-set-to-turn-local-bank-in-Singapore-too/articleshow/5309050.cms

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

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