:::::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:::::

BANK OF BARODA GETS RS 2,461 CR GOVT FUND


Bank of Baroda (BoB) said it has allotted 2.7 crore shares to the government of India on a preferential basis, resulting in capital infusion of Rs 2,460.9 crore.

As a result, the government of India's holding has increased to 57.03% from 53.81%, BoB said.

Earlier, shareholders of the bank approved a Special Resolution at an Extraordinary General Meeting for the issue and allotment of 2,72,79,579 equity shares of Rs 10 each to the government at a premium of Rs 892.14 per share.

Finance Minister Pranab Mukherjee had announced a capital infusion of Rs 20,157 crore into public sector banks during the current fiscal to ensure that these entities were able to attain a minimum of 8% Tier-I capital by March 31, 2011.

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

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

Labels:

0 comments

Post a Comment

Subscribe to: Post Comments (Atom)