:::::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 RULE OUT IMMEDIATE HIKE IN LENDING RATES

Despite a more than expected hike in the CRR, banks ruled out any immediate hike in the lending rates as they believe that liquidity is still abundant in the system to absorb the increased cash requirement.

However, an expected pick up in the credit growth in the coming months and prevailing liquidity conditions may be decisive in deciding the course of interest rate movements over the next few months.

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

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