:::::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:::::

ORIENTAL BANK LOOKING TO ACQUIRE A SOUTH BASED BANK

After five years of acquiring the Hyderabad based Global Trust Bank, Oriental Bank of Commerce has begun hunt for taking over south based bank having synergies to expand business in South. OBC has a strong presence in the Northern region.

Acquisition of funds for taking over another bank may not pose any problem to the bank as its capital adequacy ratio is close to 13% and it could raise further capital through bonds.

Source: http://economictimes.indiatimes.com/news/news-by-industry/banking/finance/banking/Oriental-Bank-looking-to-acquire-a-South-based-bank/articleshow/5384055.cms

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

Labels:

0 comments

Post a Comment

Subscribe to: Post Comments (Atom)