:::::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:::::

CORPORATION BANK TARGETS RS.1.5 LAKH CRORE-BIZ THIS FISCAL

Mr. J.M. Garg, Chairman and Managing Director, Corporation Bank, while giving an interview to Business Line, foresees a business growth of 23% and the bank achieving a business level of Rs.1.5 lakh crore. The targetted business would be comprised by Rs.90,000 crores of deposits and Rs.60,000 crore of advances. As far as the CASA deposits are concerned, the bank has been showing a steady growth of 24% in Savings Deposits and 15% in Current Deposits on year-on-year basis.

He also said that the cost of deposits would come down due to lower term deposit interest rates and also replacement of high cost deposits at very low rates.

Source: http://www.thehindubusinessline.com/2010/01/11/stories/2010011150700600.htm

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

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