:::::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:::::

SBI PREFERS RIGHTS ISSUE TO RAISE CAPITAL: BHATT

According to Mr. O.P. Bhatt, Chairman, State Bank of India, the bank would prefer a rights issue to raise funds for business growth rather than diluting government holding.

The government recently tabled the SBI Act Amendment Bill in the Lok Sabha with an aim to reduce state-holding in the bank to 51 per cent from around 59 per cent now. 


However, Bhatt indicated that the bank is unlikely to go for the rights issue immediately as it has enough capital and good liquidity position at the moment. SBI has a surplus liquidity of close to Rs 50,000 crore, against Rs 75,000 crore in December.


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

Labels:

0 comments

Post a Comment

Subscribe to: Post Comments (Atom)