Online
| Post a Message | Explore Forums | Browse Stock Messages | Hot Discussions | Top rated Messages | Top Boarders | |
|
|
|
Central Bank of India
BSE Announcements on Central Bank
Posted by :
MMB MessengerTracked by: 0 Boarder
With reference to earlier announcement dated August 22, 2008 regarding the effective date (September 05, 2008) for the purpose of determining the eligibility of appointment of Shareholders Directors (the eligibility for contesting election as well as for considering eligibility to vote), Central Bank of India has informed BSE that the said date has been postponed. The Bank shall intimate about the new date in due course....
Tracked by: 0 Boarder
PSU bank growth may be hit by 51% govt holding, says RBI
Bs Reporter / Mumbai September 05, 2008, 4:14 IST
The Reserve Bank of India on Thursday said that the growth of the 20 public sector banks could be affected due as the government holds a majority stake in these banks.
In the Report on Currency & Finance, the report released by the apex bank on Thursday, the regulator estimated that over the next five years, banks would need Rs 5,70,000 crore to finance their expansion. Of this, public sector banks would account for nearly two-thirds, or Rs 3,70,000 crore , of the capital needed.
The statement comes at a time when public sector banks, which account for more than 70 per cent of the business, have sought a relaxation on the 51 per cent floor on government holding. Five years ago, a Bill to amend the law that mandated majority government control was not passed by Parliament.
The Manmohan Singh government had at the start of its term said that it did not intend to alter the public sector character of these banks and there has been no change in its stance. Realising that the banks are facing problems in raising funds without diluting government holding, the Centre and RBI allowed them to issue hybrid instruments and preference shares.
While RBI came out with an unexpected position on public sector banks, it did not surprise foreign banks by indicating that it would prefer a gradual opening up after carefully weighing in concerns on concentration due to consolidation, potential conflict of interest and higher chances of contagion effects. The regulator is already expecting acceleration in the consolidation process.
In addition, it said that the foreign banks, which had a lower cost of funds, were not passing on the benefit to borrowers and that was showing in the high net interest margins.
At the same time, it warned of the possible pressure on net interest margins due to increased competition and exhorted banks to stay away from excessive dependence on borrowings and instead focus on deposit mobilisation.
While maintaining that regulation of financial conglomerates posed a challenge for the regulators, RBI made a special mention of the growing use of e-finance products saying they posed certain risks for banks and required specific safeguards. Further, it called upon banks to improve their operational efficiencies as the cost of intermediation remained high in the country.
RBI, which has been flagging the risk of higher delinquency rates on retail assets in the recent past, cautioned banks on the potential asset-liability mismatch due to increased exposure to the infrastructure sector. It suggested that the long-tenure loans could be transferred to the balance sheet of other financial players.
source: Bsu.Std.
v.krishnamoorthy...
NSE Announcements on Central Bank
Posted by : MMB MessengerTracked by: 0 Boarder
Central Bank Of India has submitted to the Exchange a copy of the proceedings of the Annual General Meeting of the shareholder of the Bank held on July 31, 2008. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...
BSE Announcements on Central Bank
Posted by : MMB MessengerTracked by: 0 Boarder
Central Bank of India has informed BSE that the 1st Annual General Meeting (AGM) of the Bank was held on July 31, 2008....
BSE Announcements on Central Bank
Posted by : MMB MessengerTracked by: 0 Boarder
Central Bank of India has informed BSE that the Bank has fixed September 05, 2008 as the "Effective Date for the purpose of determining the eligibility of appointment of Shareholders Directors (the eligibility for contesting election as well as for considering eligibility to vote). Notice for the Extraordinary General Meeting would be forwarded in due course....
Tracked by: 0 Boarder
The entire market is at cross roads.For two or three days we have to be on side lines. The advisors are not parting their funds. So observe their advices carefully and how far it holds good. Catious trading is required after the two days strike is over. I feel patience will save your money on hand. You may lose a chance to get a profit. But you are sure that you have not a rupee under uncertain market conditions. The choice is yours for trading.
...
Tracked by: 0 Boarder
Hi, Central Bank of India is leading home provider for housing scheme comping up with Delhi Development Authority.
Here is link
http://in.news.yahoo.com/48/20080815/804/tnl-banks-move-in-to-fund-dda-house-hunt_1.html...
BSE Announcements on Central Bank
Posted by : MMB MessengerTracked by: 0 Boarder
Central Bank of India has informed BSE that the Bank has been informed by Indian Banks Association (IBA) that All India Bank Employees Association (A.I.B.L.A.) and All India Bank Officers Association (A.I.B.O.A.) have served a notice to go on a Nationwide Bank strike on August 20, 2008....
NSE Announcements on Central Bank
Posted by : MMB MessengerTracked by: 0 Boarder
Central Bank Of India has informed the Exchange that: "It has been informed by Indian Banks Association (IBA) that All India Bank Employees Association (A.I.B.E.A.) and All India Bank Officers Association (A.I.B.O.A.) have served a notice to go on a Nationwide Bank strike on 20th August 2008."...
BSE Announcements on Central Bank
Posted by : MMB MessengerTracked by: 0 Boarder
Central Bank of India has informed BSE that the Central Government has, vide its Notification dated August 02, 2008, appointed Mr. Albert Tauro, Executive Director of the Bank, as the Chairman & Managing Director of Vijaya Bank. Accordingly, Mr. Albert Tauro has ceased to be the Director / Executive Director of the Bank w.e.f. close of the Office hours on August 02, 2008....
NSE Announcements on Central Bank
Posted by : MMB MessengerTracked by: 0 Boarder
Central Bank Of India has informed the Exchange that the Central Government has, vide its Notification bearing F.No.9/1/2008-BO.I dated August 02, 2008, appointed Mr Albert Tauro, Executive Director of the Bank, as the Chairman & Managing Director of Vijaya Bank. Accordingly, Mr Albert Tauro has ceased to be the Director/Executive Director of the Bank w.e.f. close of the Office hours on August 02, 2008....
More from the Banks - Public Sector Sector
see more Boarders tracking Central Bank
News Updates on Central Bank
Explore Moneycontrol
