:::::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:::::

OBC GETS RS 1,739.99 CR FUND INFUSION


Oriental Bank of Commerce (OBC) said it has allotted 4.12 crore shares to the government of India on a preferential basis in return for a Rs 1,739.99 crore fund infusion.

As a result, the government of India’s holding has increased to 58 per cent from 51.09 per cent, OBC said in a statement.

Shareholders of the bank approved a Special Resolution at an Extraordinary General Meeting yesterday for the issue and allotment of 4,12,21,482 equity shares of Rs 10 each to the government at Rs 422.11 a share, it said.

SOURCE: http://www.thehindubusinessline.com/industry-and-economy/banking/article1584840.ece

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

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