:::::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:::::

FINMIN UPSET AT SBI DEBT MATH

According to a news item appearing in E.T., the finance ministry may write to SBI seeking an explanation for not making provisions for bad loans under agriculture debt relief scheme. SBI would have reported a negative growth in its net profit for the third quarter of the current fiscal, had it made adequate provisioning for NPAs arising out of the farm loan waiver scheme.

While all public sector banks have made adequate provisions for such loans, SBI has only indicated that these loans may turn into non-performing assets (NPA).

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

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