:::::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. TO INFUSE RS. 9000 CR. IN PSBs BY APRIL-MAY: GOPALAN

According to Mr. R. Gopalan, Financial Services Secretary, the Government plans to pump-in around Rs 9,000 crore into select state-run banks by April-May, in the first phase of its capital infusion programme announced in the Union budget. 


In the budget, the Government has earmarked Rs 16,500 crore for recapitalisation of state-run banks, to enable them maintain eight per cent Tier-I capital by March 31, 2011.

However, the Government is yet to decide which banks to infuse funds into and the amount for each bank. It is widely expected that Bank of Maharashtra, Indian Overseas Bank, Uco Bank, Syndicate Bank, Dena Bank, among others, will make the list. 


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

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