:::::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 TO SEEK GOVT. NOD FOR RS. 20000 CR. RIGHTS ISSUE IN FY'11

According to Mr. O.P. Bhatt, Chairman and Managing Director, SBI, the bank will approach the government next fiscal to seek approval to raise Rs 20,000 crore through rights issue. The government currently holds 59.7 per cent in the SBI. According to Bhatt, SBI needs to raise around Rs 40,000 crore over the next five years to support its business plans. Currently, SBI has capital adequacy ratio of nearly 14 per cent.


Source: http://economictimes.indiatimes.com/news/news-by-industry/banking/finance/banking/SBI-to-seek-govt-nod-for-Rs-20000-cr-rights-issue-in-FY11/articleshow/5716522.cms

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

Labels:

0 comments

Post a Comment

Subscribe to: Post Comments (Atom)