:::::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 TO INFUSE RS 909.9 CR IN ANDHRA BANK, ALLAHABAD BANK


The government will infuse Rs 909.9 crore as equity capital into Andhra Bank and Allahabad Bank as part of recapitalisation package to shore up equity capital.

Andhra Bank is convening an Extraordinary General Meeting of shareholders on March 23, 2011, seeking their approval for issuance of 3.9 crore equity shares at Rs 157.28 per share (face value of Rs 10 each) aggregating to Rs 618 crore to government of India on preferential basis.

Besides, the Kolkata-based Allahabad Bank is expected to get Rs 291.99 crore by the way of preferential share.

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

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