Allahabad Bank Chairman Calls On
Hon’ble Union Finance Minister
Allahabad Bank's CMD, Sri K R Kamath alongwith EDs Sri K K Agarwal & Sri J P Dua in a meeting with Sri P Chidambaram, Hon'ble Finance Minister
Shri K.R. Kamath, Chairman & Managing Director of Allahabad Bank along with the Executive Directors – Shri K.K.Agarwal and Shri J.P.Dua called on Shri P Chidambaram, Hon’ble Union Finance Minister and apprised him of the performance of the Bank during the year 2007-08. The Bank had recorded a net profit of Rs. 975 crores during the year. The Bank made payment of dividend @ 35 % amounting Rs. 86.35 crores to Government of India for the year 2007-08 as against Rs. 74.01 crores paid out in 2006-07. Shri Kamath also gave a brief outline of the Bank’s Business and Profit plan for the year vis-à-vis Q-1 achievements. This happens to be the first meeting of Shri K.R. Kamath with Hon’ble Finance Minister after he has taken over as the Chairman & Managing Director of Allahabad Bank.
The Bank will be holding a Zonal Managers’ meeting during the middle of this month to have a quarterly review of the performance and achievement and draw an action plan for accelerating the growth pace during the remaining part of the current fiscal
Publicity
Department
9th August, 2008
Press Corner
|
