:::::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 & SIND BANK GETS FRESH GOVT NOD FOR IPO

Punjab & Sind Bank has received fresh approval from the government for its initial public offering (IPO).

The Bank had enlarged the issue size to 62.5 million shares in view of the government order mandating 25 per cent public holding for all companies. But since the government has exempted public sector units from that rule now, it has got a fresh approval for the original offer of 40 million shares. Listed state-owned companies are now required to have at least 10 per cent public holding.

The bank was expected to file the draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) early next week.

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

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