:::::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:::::

PRIVATE CO.S CAN SET UP LOCAL BANKS

RBI has granted an in-principle approval for a proposal to promote small local banks by the private sector players. Many see this as a new version of the local area bank schemes, withdrawn over five years ago. These banks will have an area of operations up to three contiguous districts. The approval has been given based on the recommendations of the Raghuram Rajan committee, appointed by the Planning Commission.


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

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