:::::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:::::

BANKS TO CONTINUE TO LEND TO REALTY, HOUSING, SAY TOP BANKERS

According to Mr. O.P. Bhatt, Chairman, State Bank of India Chairman will not stop lending to real estate and housing segment because of the scam unearthed by the CBI.

The real estate and the housing segments are important for the economy and, hence, banks will not stop lending (to them), Bhatt told.

He said what has happened is not a "system-wide issue" as only a few individuals have been arrested.

The bank always monitors the end use of the fund it lends, the SBI Chief said.

HDFC Bank Managing Director Aditya Puri and ICICI Bank's Chief, Chanda Kochhar, both said the scam does not point to any systemic problem.

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

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