:::::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 APPROACHES FINANCE MINISTRY FOR RAISING RS 20,000 CRORE FROM MARKET

According to Mr. R. Gopalan, Financial Services Secretary, SBI has sought the Finance Ministry's nod for raising Rs 20,000 crore from the market.

 The amount would enable SBI to fuel its business plans, particularly in the face of rising competition from private and overseas rivals with deep pockets.

 The government holds a 59.41 per cent stake in the bank, having acquiring RBI's stake in SBI in 2007.

 Parliament recently passed a Bill allowing the government reduce its stake in the bank to 51 per cent, against the current minimum limit of 55 per cent.

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

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