:::::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:::::

CANBANK AIMS TO UP HOME LOAN PORTFOLIO

According to Mr. K.L. Jagadish Pai, Executive Director of Canara Bank, the bank is aiming to double its home loan portfolio from the existing Rs.8464 crore to Rs.17500 crore by the end of December 2010. He said the bank has performed better in home loan sector and achieved 27% growth in the first three quarters of the present fiscal ended December 2009 compared to the same period last year.

He said the bank has increased the number of retail hubs to 37 across Tier-I, Tier-II and Tier-III cities in the country. The bank will focus more on the individual home loan seekers than the commercial real estate sector. The ticket size of these loans will be Rs 15-20 lakh.

The total sanctions of the bank presently stand at close to Rs 30,000 crore, part of it will be disbursed over next 18 months.

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

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