:::::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:::::

GOVT. DROPS BANK M & A PLANS

The government has decided not to take any fresh initiatives to discuss mergers and acquisitions (M&As) among public sector banks, following adverse views expressed by the Reserve Bank of India (RBI) and reservations from political quarters.


n December last year, the finance ministry had asked five state-run banks —  Punjab National Bank, Canara Bank, Union Bank of India, Bank of Baroda and Bank of India — to explore merger opportunities in the banking industry. Now, ministry officials and senior bankers familiar with the development confirmed to Business Standard that the finance ministry has decided to shelve the idea.


Source: http://www.business-standard.com/india/news/govt-drops-bank-ma-plans/384949/

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

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