:::::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:::::

'EFFORTS ON TO LIMIT BAD ASSETS'

While speaking to media, Mr. O.P. Bhatt, Chairman, SBI said that credit growth during the current financial year was expected at 19%. He said the cost of deposit will be around 5.80% and net interest margin will improve to rise over 2.80%. According to him, the bank is looking to rise up to Rs.20000 crore through an equity issue, may be through rights issue and the Government could subscribe to 60% of the issue in line with its stake in the bank.


He expects that the NPAs may rise further and will peak in the June quarter. The bank is expecting about 10% of their restructured assets to turn bad. The bank will also need around RS.3000 crore to reach the 70% Provision Coverage Ratio (PCR) by September 2010, which is at 56% now.


Source: http://www.business-standard.com/india/news//effortsto-limit-bad-assets//383649/

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

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