:::::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:::::

AIBEA OPPOSED TO KINGFISHER BAILOUT


The All-India Bank Employees Association (AIBEA) has opposed any bail out of Kingfisher Airlines by banks and demanded nationalisation of the airlines.

The AIBEA General-Secretary, Mr C. H. Venkatachalam, has in a release stated that the association would protest any move by banks to bail out the beleaguered airlines. Banks have already extended a total credit of over Rs 7,000 crore, and purchased shares at an overvalued price just to accommodate Kingfisher Airline and protect the defaulting company by converting bad loan/debt to equity.

The AIBEA has demanded a Parliamentary probe into the purchase of Kingfisher shares by banks and stressed the need for recalling the entire loan.

SOURCE: http://www.thehindubusinessline.com/industry-and-economy/banking/article2633410.ece

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

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