:::::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:::::

COMMITMENT CHARGES ARE BACK AS SANCTION - DISBURSEMENT GAP RISES

With the gap between loan sanctions and disbursal on the rise, public sector banks are back to levying commitment charges. PSBs are now levying a commitment fee of up to 100 basis points of the sanctioned amount in case a company failed to avail the credit facility. The move is aimed at stopping companies for going shopping for the best bargain by using a sanction letter.

Commitment Charges are being levied to avoid asset-liability mismatch possibilities as banks raise deposits in line with the loans they have sanctioned and also on the future loan flow expectation.

Source: http://www.business-standard.com/india/news/commitment-chargesback-as-sanction-disbursement-gap-rises/380291/

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

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