:::::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:::::

INDIAN OVERSEAS BANK TO FLOAT SOFTWARE SUBSIDIARY

According tot Mr. M. Narendra, Chairman and Managing Director, Indian Overseas Bank (IOB) plans to float a banking software subsidiary to tap the Asian and African markets. The decision to float a software subsidiary was taken when another bank approached IOB for the banking software.

The banks's software team comprises of 240 people, 100 of whom were recruited last year.

Many banks are mulling spinning off their software divisions, experts say. State Bank of India had recently partnered tech company Tata Consultancy Services to develop software for the financial services sector.

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

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