:::::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:::::

PNB CHARTS GROWTH PLANS OVERSEAS WITH JSC BANK BUY

Punjab National Bank (PNB), has charted plans for inorganic expansion in the central Asian country of Kazakhstan, with the decision to acquire a 64% stake in JSC Dana Bank for $24 million by 2010.

According to Mr. M.V. Tanksale, Executive Director, PNB, currently, RBI is undertaking due diligence exercise on the acquisition proposal.

 PNB has global presence in nine countries, with branches at Hong Kong, Kabul and Dubai and representative offices at China, Almaty, Dubai, Shanghai and Norway. The bank has a subsidiary in London with five branches and the turnover is around $2 billion. The bank will shortly start a subsidiary in Canada to tap its huge Punjabi population. It plans to open a representative office in Sydney besides upgrading its representative offices in China and Norway. 

 Source: http://economictimes.indiatimes.com/news/news-by-industry/banking/finance/banking/PNB-charts-growth-plans-overseas-with-JSC-Bank-buy/articleshow/6482758.cms

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

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