:::::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:::::

RBI IMPOSES PENALTY ON STANCHART, ICICI BANK

RBI has imposed a penalty of 500,000 rupees each on Standard Chartered Bank and ICICI Bank.

 The penalty on Standard Chartered was imposed for not furnishing within the stipulated time information on a foreign currency loan facility arranged by the bank to an offshore special purpose vehicle.

 ICICI Bank was penalised for violation of guidelines on know your customer and money laundering standards issued by the central bank.

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

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