:::::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:::::

UNITED BANK GETS SEBI NOD FOR INDEPENDENT DIRECTOR'S APPOINTMENT

United Bank of India (UBI) has received exemption from the Securities and Exchange Board of India (SEBI) for appointment of independent directors before its IPO of shares. UBI is all set to come up with an IPO of 50 million equity shares of face value of Rs.10 each. The issue opens on February 23 and closes February 25.

 UBI has seven directors of whom two are independent against the norm of 50 percent of board strength. The bank has to recruit two more directors and one shareholders' representative into the Board.

Source: http://economictimes.indiatimes.com/news/news-by-industry/banking/finance/banking/United-Bank-gets-SEBI-nod-for-independent-directors-appointment/articleshow/5592989.cms

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

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