:::::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:::::

IOB TO CONVERT ITS CHINA OFFICE INTO FULL SCALE BRANCH

According to Mr. M. Narendra, Chairman and Managing Director, Indian Overseas Bank (IOB) will be converting its five-year-old representative office in China into its full scale branch.

The bank also plans to open five more branches in the Asian and African countries, taking the total of its overseas branches to 11, he said.

At present it has six overseas branches located in Singapore, Hong Kong, Seoul, Bangkok and Colombo and representative offices in Dubai, China and Vietnam, he said.

"We will also be starting a bank in Malaysia in a joint venture with the Andhra Bank and Bank of Baroda before March 2011," Narendra said.

He said that the branch work will be taken to 3000 branches from the present 2017 for achieving the business level of Rs five lakh crore in the next three years.

Besides, the bank has also decided to recruit 1000 clerical staff, 1500 officer and 525 specialist officers for carrying out its branch expansion plan.

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

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