:::::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.4,376 CR. IN BOB, UNION BANK OF INDIA


The government will infuse Rs 4,376 crore as equity capital in PSU lenders Bank of Baroda and Union Bank of India as part of a recapitalisation package to shore up their equity capital.

The bank has initiated necessary steps to raise capital by offering equity shares of face value of Rs 10 each for cash at a premium of Rs 892.14, aggregating up to Rs 3,280.9 crore on preferential basis.
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The capital infusion would raise the government's holding in the bank. Currently, the government holds 53.81 per cent in BoB.

SOURCE: http://articles.economictimes.indiatimes.com/2011-03-06/news/28660108_1_cent-tier-i-capital-capital-infusion-lending-capacity

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

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