The Hindu Business Line : Corpn Bank honours branch managers

THE Government will confine its role with regard to public sector banks to two functions — holding a majority stake of 51 per cent in the banks and appointing chief executive officers, according to Mr Vinod Rai, Additional Secretary, Banking Division.

A Corporation Bank release said here on Monday that Mr Rai was speaking at the Corporate Award Ceremony, organised by the bank in Bangalore recently. The bank honoured those branch managers who excelled in their performance during 2004-05.

The release said that Mr Rai complimented Corporation Bank for its consistent good performance.

Earlier, Mr V.K. Chopra, Chairman and Managing Director, said that employee recognition schemes of Corporation Bank are unique in the banking industry. Mr K.L. Gopalakrishna, Executive Director, welcomed the gathering, the release added.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
`New pension plan can draw 2 crore subscribers initially' — Stable, low inflation regime vital, says Rakesh Mohan

`Rural banking faces twin challenges

Where is rupee headed?

Rupee under pressure; bond prices weaken

Iffco-Tokio covers for PNB home loans

Corpn Bank honours branch managers

Report on doing business in 2006: `World Bank findings present far too bleak a picture based on limited inputs'

BoR plans more branches in South

Farm loans to be 20 pc of Allahabad Bank's credit flow

Dena Bank plans major thrust on retail biz

OTS for Hyderabad Flextech

Assocham seeks flexible interest rate policy

SEBI will do its job

Rural bank staff to join tomorrow's strike

Visakha co-op bank to pay 10 pc dividend

New GM for SBH