:::::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 BANK AIMING AT RS. 2,00,000-CR BUSINESS


According to Mr. T.M. Bhasin, Chairman and Managing Director, Indian Bank is aiming at crossing the Rs 2,00,000-crore mark in terms of business mix and volume.

He said the bank had acieved Rs 1,74,000 crore by the end of December, 2010, and it might achieve Rs 1,82,000 crore by the end of the financial year.

“It is our aim to cross the Rs. 2,00,000-crore mark as soon as possible and further take the bank on growth path,” he said.

The deposits crossed the Rs 1,00,000-crore mark and the advances Rs 74,000 crore, he said.

In disbursing educational loans, in particular, the bank stood next only to SBI, with Rs 2,668 crore being advanced to 1,71,778 students.

The bank had set up 32 specialised micro finance branches in the country. The priority sector lending amounted to 40.69 per cent as against the stipulated 40 per cent.

The bank has 1,837 branches in the country and three overseas branches, one at Singapore, the other at Colombo and the third at Jaffna in Sri Lanka.

He said the bank had developed a model of financial inclusion in Puducherry which could be replicated in the rest of the country.

The Executive Director of Indian Bank, Mr. Ramagopal, was also present at the press meet.

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