:::::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:::::

PARLIAMENT PASSES SBI SUBSIDIARY BANKS BILL


Parliament on Monday passed a Bill that would pave the way for subsidiary banks of SBI to raise capital through preferential allotment/private placement of shares.

The State Bank of India (Subsidiary Banks Laws) amendment Bill, 2011, was passed by the Lok Sabha through a voice vote after an amendment was moved by the Minister of State for Finance, Mr Namo Narain Meena.

The amendment was moved following the Rajya Sabha making a similar amendment to the Bill. The amendment had to be carried out to remove a technical glitch and that it had no major implications, sources said.

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