:::::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:::::

PUNJAB NATIONAL BANK: ALL LOANS GIVEN IN LINE WITH POLICY

According to Mr. K.R. Kamath, Chairman and Managing Director, Punjab National Bank sanctioned all its loans as per policies of the bank.

The deputy general manager of Punjab National Bank was one of eight top officials at Indian banks and financial firms to be arrested on 24th November on charges of taking bribes to grant large corporate loans.

"This is an isolated case of bribery which has no larger impact on the bank's portfolio because the executive who was implicated had very limited powers to sanction loans," K. R. Kamath told.

SOURCE: http://economictimes.indiatimes.com/news/news-by-industry/banking/finance/banking/Punjab-National-Bank-all-loans-given-in-line-with-policy/articleshow/6987718.cms

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

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