:::::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:::::

FOLLOW-ON OFFER LIKELY NEXT YEAR: INDIAN BANK CMD

According to Mr. T.M.Bhasin, Chairman and Managing Director, Indian Bank might want to mop up about Rs 1,500 crore from follow on public issue.

Government of India holds 80 per cent of the bank's equity capital, so the principal promoter can afford to dilute a portion of its stake.

As of September 30, Indian Bank had equity capital of Rs 829.77 crore, and reserves and surplus of Rs 8,211 crore.

SOURCE: http://www.thehindubusinessline.com/2010/10/23/stories/2010102351380600.htm

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

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