:::::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:::::

RELAX NEW BANK BRANCH NORMS IN HILLY AREAS


The Uttarakhand Chief Minister, Mr Vijay Bahuguna, on Wednesday sought relaxation in Reserve Bank norms for opening of bank branches in hilly areas of the State.

Mr Bahuguna told reporters that during his meeting with the RBI Governor, Mr D Subbarao, he urged upon him to consider relaxations in opening of bank branches in hilly areas where the population was scattered.

When asked about the desirable minimum population for opening a bank branch in the hills, the Chief Minister said it could be anything less than 1,000.

He said the expansion of banking facilities would also help increase the pace of development in the backward hilly areas.

The Chief Minister said the visit of the RBI Governor to the hill state would be a “milestone' and help in expanding banking facilities.

During the meeting, Mr Bahuguna said the RBI Governor asked him to facilitate enhanced use of e-transfer of funds, which was is quite low in Uttarakhand

SOURCE: http://www.thehindubusinessline.com/industry-and-economy/banking/article3449273.ece

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

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