:::::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:::::

ALLAHABAD BANK TO RAISE RS 1,400 CR IN H2 FY11

According to Mr. J.P.Dua, Chairman and Managing Director, Allahabad Bank plans to raise up to Rs 1,400 crore in Tier-II during the second half of the current financial year 2010-11.

The bank has applied for the Reserve Bank of India's approval for three branches in Shanghai, Dhaka and a second branch at Kowloon in Hong Kong.

The bank will open 47 domestic bank branches during the fiscal.

The bank was targeting a total business of Rs 2,20,000 crore during the current fiscal, with a growth of around 25 per cent over 2009-10.

Meanwhile, the bank has decided to keep the base rate unchanged inspite of hike in key rates by 25 basis points recently.

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

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