Central Bank of India's Kolkata Zonal Office has signed a memorandum of understanding (MoU) with Coal India Limited (CIL) and its subsidiaries having its headquarters at Coal Bhavan, New Town, Rajarhat, Kolkata.
In his address, J S Sawhney, Zonal Head/General Manager, highlighted various schemes introduced by the Union Government and the Bank in the interest of customers.
The Central Bank of India on Thursday posted a jump of 27.20 per cent in its net profit at Rs 318 crore for the quarter ended September 30 against Rs 250 crore in the year-ago period.
He conducted a meeting of the staff in which he emphasized on need of awareness among staff against corruption in day to day routine and told about the different activities which would be performed during the campaign.
The Reserve Bank of India has removed the Central Bank of India from the Prompt Corrective Action (PCA) framework after it found the bank was not in breach of any parameters.
Protesting against the vindictive transfers, employees of listed Central Bank of India began their two-day strike on Monday, said a top official from the All India Bank Employees' Association (AIBEA).
"Management's inexperience and conceited approach are responsible for the present pathetic situation of the bank. However, since we are the major and strong stakeholder of the bank, we cannot allow the situation to be further drifted."
It will also put the bank in a better position to achieve its turnaround plans in time-bound manner, the lender said.
Prior to joining the current assignment, Rao was Executive Director, Canara Bank for more than three years where he played a pivotal role in the Bank’s progress and in the amalgamation of Syndicate Bank with Canara Bank.
The bank said that the fund will be raised by issuing non-convertible redeemable unsecured Basel III compliant tier 2 bonds in the nature of promissory notes.
