:::::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:::::

CRR HIKE NOT TO AFFECT PVT. SECTOR'S CREDIT FLOW: SUBBA RAO

Reserve Bank of India (RBI) Governor D Subbarao said the hike in the cash reserve ratio (CRR) announced today, would not affect credit availability to the private sector and harden interest rates immediately.

Mr. Subbarao, who met bank chiefs earlier in the day to discuss the policy measures, said banks informed him that the hike in CRR would not put an immediate pressure on them to up lending rates.

Banks also said that loan-growth prospects in the system remain favourable but expressed concern that bad loans could increase going forward, particularly from the restructured assets.

Subbarao said the lenders also expressed concern over their growing exposure to the infrastructure sector and wanted Government intervention to address the asset-liability mismatch.

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

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