:::::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:::::

IDBI BANK ZEROES IN ON FEDERAL BANK FOR ACQUISITION

State owned IDBI Bank is believed to have zeroed in on Federal Bank, one of the largest private sector banks in South India having 641 branches. Federal Bank has a total business of around Rs. 59000 crore and deposits of Rs.33439 crore. It is believed that IDBI Bank has also completed due diligence. IDBI Bank had acquired United Western Bank a few years ago.


The acquisition, if it materialises, would enable IDBI to consolidate its position among state-run banks by strengthening key segments such as branch network,human resources and client acquisition, besides augmenting its deposit-base.


Source: http://economictimes.indiatimes.com/news/news-by-industry/banking/finance/banking/IDBI-Bank-zeroes-in-on-Federal-Bank-for-acquisition/articleshow/5473157.cms

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

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