:::::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:::::

UNION BANK SEES A RISE IN BAD LOANS IN NEXT QUARTERS

Mr. M.V. Nair, Chairman and Managing Director, Union Bank of India said that the bank witnessed a 5% slippage in the restructured portfolio and expected to deteriorate in the next two quarters. 


He also said that bank would review its fund-raising plan after the Budget. At the end of December 2009, the bank had a capital adequacy ratio of 13.76% and tier-I capital ratio of 8.7%. the bank's new mutual fund venture with Belgium's KBC International is expected to commence operations from May.


Source: http://economictimes.indiatimes.com/news/news-by-industry/banking/finance/finance/Union-Bank-sees-a-rise-in-bad-loans-in-next-quarters/articleshow/5526057.cms

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

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