:::::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:::::

SBI CHAIRMAN FAVOURS MERGER OF REMAINING FIVE ASSOCIATES

State of India on Friday said there is a strong case for merging five of its associates with itself.

 "The remaining associate five banks are not at all hesitating in merger. They are very eager for it," State Bank Chairman O P Bhatt told reporters after a meeting of SBI Board of Directors.

 SBI has already merged State Bank of Indore and State Bank of Saurashtra with itself.

 Bhatt said the merger of the remaining banks is a part of definite process and for this they have to take a formal permission from the government. It will take at least four-five years, he added.

 He said the merger is beneficial for both employees as well as customers.

 Bhatt also inaugurated a museum established in the city to make memories associated with the State Bank of Indore permanent.

 The Indore Bank was originally established by Holkars in 1920.

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

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