:::::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:::::

GOVT INFUSES RS 1,172 CR INTO ANDHRA BANK


Andhra Bank said the government has infused Rs 1,172 crore into the bank as part of recapitalisation package.

The capital infusion is aimed at shoring up equity base of the bank to enhance lending to productive sectors of the economy.

The shareholders of the bank had earlier approved issuance of over 7.45 crore shares at a price of Rs 157.28 a share on preferential basis.

The capital infusion would help enhance lending capacity of the state-owned banks to meet the credit requirement of the economy in order to maintain and accelerate the economic growth momentum.

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

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