:::::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:::::

UNITED BANK OF INDIA FILES DRHP WITH SEBI

United Bank of India filed a Draft Red Herring Prospectus (DRHP) with SEBI for its Initial Public Offer (IPO). The bank proposes to issue 5 crore equity shares with a face value of Rs.10 each at a premium that would be decided by the merchant bankers. However, Mr. S.C. Gupta, Chairman and Managing Director, United Bank of India has said that the minimum premium could be Rs.60 per share over a face value of Rs.10 each based on the book value of Rs.104/- after recasting the capital.

Earlier the Government allowed the bank to recast its capital and reduce the paid-up component to Rs.266 crore from Rs.1532 crore as a precursor to the IPO exercise.

Source: http://www.business-standard.com/india/news/united-bank-files-drhpsebi/81937/on

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

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