:::::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:::::

RS. 30,000 CRORE LOANS MAY TURN BAD IN 2010

Global rating agency, FITCH warned that NPAs of banks were likely to go up by 1% and restructured loans of Rs.30,000 crore could turn bad by next year when two-thirds of them are expected to mature. During 2008-09 and in the first quarter of 2009-10, banks on average restructured 4.4% of their total loans, up from 0.71% in 2007-08. Restructuring was mostly in the form of rescheduling principal for a period of 12 to 24 months, thereby giving the borrowers time to see off the downturn.


Source: http://economictimes.indiatimes.com/news/news-by-industry/banking/finance/banking/Rs-30000-cr-loans-may-turn-bad-in-2010/articleshow/5447184.cms

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

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