Overseas expansion plans by Central Bank of India : Rupee Times

		Credit Cards		Auto Loans		Home Loans		Personal Loan
		Fixed Deposits		Savings Accounts		Education Loans		Auto Insurance

NEWS & ADVICE : HOME LOANS

Overseas expansion plans by Central Bank of India

By Joseph Samson

May 30, 2011

Public sector lender Central Bank of India is harboring ambitious plans of increasing its presence in the offshore mainland. The major focus of the bank would be on the African region.

Speaking on the issue, CMD of the bank, Mr S Sridhar said that the bank aims to start operations in countries like Mozambique, Bhutan, Hong Kong, Dubai and Sri Lanka.

Owing to huge penetration opportunities in Africa, the bank primarily plans to start operating in Mozambique.

In this regard, the bank has already signed up a joint venture with a local business giant in Africa. The shareholding would be such that the company would have 76% stake while the remaining 24% stake would be held by Central Bank of India.

In terms of domestic operations, the bank has said that financial inclusion is its priority this fiscal. It aims to open a branch each in 627 districts in the country.


(Comments Posted : 2)		Post Your Comments

1.	Central Bank of India is the worst tenant among the PSU banks. People are cautioned not to lease their premises to the Central Bank of India for any purpose lest not only they even their generaTIONS WOULD REPENT. First of all they would never give you fair rent nor would maintain the premises in satisfactory condition and thirdly they would never vacate your premises even if they do not have any office or branch in that premises. In fact the central bank of india is builder mafia forcibly occupying the premises of poor landlords.In 1941 my father in law let out a prime property admeasuring 3800 sq. ft. at Chowk (opp. chowk police station)to Central Bank of India for opening its chowk branch. Despite repeated efforts and law, the Bank did not increase the monthly rent from Rs. 437.50. Not only this it also did not pay electricity dues, house tax and water tax in respect of the above premises despite agreement for the same. The employees have stolen antique wooden doors from the premises and the Bank is contemplating to take away the iron room built by us.On 01.06.2011, it gave to us in writing that the premises has been vacated on 31 May 2011 but despite our representatives sitting there for two days it did not hand over the vacant posession of the said premises due to obvious reasons.Therefor, l;andlords beware of the Central Bank of India as tenant.
Pramila Devi (Posted: Jun 7, 2011)

2.	Central Bank of India is the worst tenant among the PSU banks. People are cautioned not to lease their premises to the Central Bank of India for any purpose lest not only they even their generaTIONS WOULD REPENT. First of all they would never give you fair rent nor would maintain the premises in satisfactory condition and thirdly they would never vacate your premises even if they do not have any office or branch in that premises. In fact the central bank of india is builder mafia forcibly occupying the premises of poor landlords.In 1941 my father in law let out a prime property admeasuring 3800 sq. ft. at Chowk (opp. chowk police station)to Central Bank of India for opening its chowk branch. Despite repeated efforts and law, the Bank did not increase the monthly rent from Rs. 437.50. Not only this it also did not pay electricity dues, house tax and water tax in respect of the above premises despite agreement for the same. The employees have stolen antique wooden doors from the premises and the Bank is contemplating to take away the iron room built by us.On 01.06.2011, it gave to us in writing that the premises has been vacated on 31 May 2011 but despite our representatives sitting there for two days it did not hand over the vacant posession of the said premises due to obvious reasons.Therefor, l;andlords beware of the Central Bank of India as tenant.
Pramila Devi (Posted: Jun 5, 2011)

Show All Comments

COMPARE QUICKLY

Select a product:

CALCULATE QUICKLY

Select a product:

EDITORS' PICKS
	Manage your loans, avoid recovery agents
	Tax Deduction on HRA (House Rent Allowance)
	Home Loans come with Tax Rebates!
	Loan against Property: A shoulder to rest...
	Should interest rate only be considered in...



	margine for transport for loan calculation
	cani know good score
	can i pay my cr bal thrw cbil bcs my cr bal or more...
	can I have the my Loan request status ? ref : 604810183
	MY HDFC HOME LOAN FILE NO IS 217571497.I WANT TO...
	i want an home loan what is the procedure pls guide

NEWS THIS WEEK

•	Relaxation in policy for better penetration of banking system: D. Subbarao May 25, 2012
•	Housing Loan Companies see a rise in big ticket loans May 24, 2012
•	Loan restructuring hitting NPA woes of PSBs farther May 23, 2012
•	RBI warns against phishing, and spam May 22, 2012
•	Hit by liquidity, HFCs book slow growth May 18, 2012

News Archive