:::::SRI S.B. RODE, OUR BELOVED PRESIDENT, AICBOF AND OFFICER DIRECTOR ON THE BOARD OF CENTRAL BANK OF INDIA HAS BEEN COOPTED AS GENERAL SECRETARY, AICBOF IN E.C. MTG. HELD AT MUMBAI ON 24.02.2014:::::MR. S.C. GUPTA, GEN. SECRETARY OF OUR AHMEDABAD UNIT HAS BEEN COOPTED AS PRESIDENT, AICBOF::::::WE CONGRATULATE THEM AND WISH THAT THE OFFICERS' MOVEMENT IN CENTRAL BANK OF INDIA WILL BE TAKEN TO NEW HEIGHTS:::::LONG LIVE CBOA:::::LONG LIVE AICBOF::::::LONG LIVE AIBOC:::::

REPORT OF THE WORKING GROUP ON THE BENCHMARK PRIME LENDING RATE (B.P.L.R.)

You are aware that Reserve Bank of India has constituted a Working Group under the Chairmanship of Shri Deepak Mohanty on  B.P.L.R. in pursuance of the announcement made by RBI in the annual policy statement of 2009-10, to review the B.P.L.R. system and suggest changes to make credit pricing more transparent.

Reserve Bank of India has today placed on its website the report of the Working Group inviting comments on the Report. The last date for receiving the comments by RBI is November 17, 2009.

The main recommendations of the Working Group include introduction of Base Rate by the banks replacing the existing BPLR system. According to the recommendations, the Base Rate would be applicable for loans with maturity of one year and above (including all working capital loans).

For other recommendations of the Working Group, visit the link placed below:
Link: http://rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=21539

Posted by C.B.O.A., A.P.

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