:::::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:::::

BANKS REJECT RBI MOVE TO DUMP BPLR-BASED LOANS

Opposition from the country's leading lenders may derail the RBI plan to replace the Benchmark Prime Lending Rate (BPLR) with a base rate. According to an official, RBI will not push for the implementation of the base rate system until there is a consensus among lenders on the issue.

Recently, Deepak Mohanty's committee had suggested the replacement of BPLR with a base rate, the rate below which will not be viable for banks to lend. The base rate takes into account the interest on one-year retail deposits below Rs.15 lakh, the statutory liquidity ratio, cash reserve ratio and the average return on net worth.
Source: http://economictimes.indiatimes.com/news/economy/finance/Banks-reject-RBI-move-to-dump-BPLR-based-loans/articleshow/5397506.cms

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

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