:::::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:::::

PAPER ON NEW BANK LICENCES BY AUG: SUBBARAO

According to Mr. D. Subba Rao, Governor, RBI, it will come up with a discussion paper on granting banking licence to private sector players and NBFCs by the first week of August.

"There has been a number of issues that has come up as to what should be the entry level capital, promoters' capital, norms for corporates and NBFCs," Subbarao said.

Business houses including the Anil Ambani Group, the AV Birla Group, Bajaj Auto and Religare among others have evinced interest in acquiring banking licence. NBFCs like Shriram Group and Srei are also keen on entering the banking space.

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

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